Friday, June 26, 2020

Need a dime for the meter?


The Fed has cut the allocation of coins to banks drastically, to less than half of its usual total. It began to ration its coin supply on June 15, giving banks a portion of their requested change supply depending on what they had historically requested, among other factors, a move that the central bank says is a “temporary measure.”


It's gotten harder to find that dime. Because of the pandemic fewer coins are in circulation as consumers have stayed home and avoided touching physical cash. This is especially the case at grocery stores. But other venues are affected - parking meters, vending machines, amusement parks and even campground showers. 
Courtesy of a Florida resident


1 comment:

sdevito said...

🎉 🙂🏝 🎊