FAST FIVE: Meijer Stops Accepting Cash As Nationwide Coin Shortage Erupts
“It's necessary to manage the impact of the coin shortage on our stores.” Fed Chair Powell admitted to lawmakers last week that The Fed has been rationing coins as the circulation of coins across the US economy ground to a halt due to the pandemic.
“What's happened is that with the partial closure of the economy, the flow of coins through the economy .
Americans Googling “coin shortage” started to erupt in the back half of June and has since hit a record high.
Mainly people in Midwest states are searching for the search term. Google search “coin shortage” shows the issue isn't limited to Meijer stores but is widespread. Social media users report the shortage is happening at many big-box retailers. ♥️✌ Meijer not accepting cash at self check out due to coin shortagehttps://t.co/eHL0nUqAqc – Long Haired Hippie Rebel (@lbox327) June 30, 2020 Coin shortage.
Ya think there might be something else going on behind the scenes that the media aren't talking about? https://t.co/o37H3KmReC pic.twitter.com/z8j8FjtygE – MajorTom ✈️⚡️ ☧ (@MajorTomXRP) June 28, 2020 Coin shortage.