CLOVIS (KSMX)- In the midst of the ongoing health pandemic, many big box stores are experiencing a significant coin shortage that is impacting store operations and the ability to provide change.
In a June 11 news release, the U.S. Federal Reserve acknowledged that the COVID-19 coronavirus pandemic had significantly diminished the U.S. coin supply. The release stated that “in the past few months, coin deposits from depository institutions to the Federal Reserve have declined significantly and the U.S. Mint’s production of coin also decreased due to measures put in place to protect its employees. Federal Reserve coin orders from depository institutions have begun to increase as regions reopen, resulting in the Federal Reserve’s coin inventory being reduced to below normal levels.”
“We’re asking customers to pay with card or use correct change when possible if they need to pay with cash.
Cash is welcome at all of our stores. However, we have converted some of our self-checkout registers to cards only registers.”