![]() ![]() Mint, coin production for circulation has actually decreased during the last couple of years and because of COVID-19 restrictions for Mint workers, has had some particularly slow months in the first half of 2020. ![]() Especially businesses are routinely turning to banks in order to receive coins and other tender to fill up their registers.Ĭhair of the Fed, Jerome Powell, said that closures of parts of the economy due to COVID-19 were responsible for disrupting the normal flow of coins through the system.Īccording to numbers by the U.S. As a result, banks and other distributors of coins received less than what they ordered or even less than their usual allotments, according to the Times. On June 15, the Federal Reserve had first implemented quotas for distribution locations to further protect its coin inventories, which were running low. ![]() Mint is upping its coin production after shortages of coins have been reported in the U.S. According to the New York Times, the U.S. ![]()
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