We recently wrote an article on development national coin shortage caused by a pandemic virus. As a result of the shortage, at least one large supermarket chain is unable to pay in cash at cash registers with introspection.
Meijer Inc., a Midwestern supermarket chain headquartered in Walker, Michigan, announced last Friday that self-service cash registers at 250 supercenters will only accept credit or debit cards, SNAP and EBT cards, and gift cards.
– Sylvia A. Mansour (@SilviaMansoor) June 30, 2020
“Although we understand that this may disappoint some customers,” said spokesman Frank Guglielmi. ABC12 News Team, “We need to control the impact of coin shortages on our stores.”
Fed Chairman Powell admitted to lawmakers last week that the Fed is rationing coins because the pandemic has stopped circulation of coins in the US economy.
“It so happened that with the partial closure of the economy, the flow of coins through the economy … it seemed to stop,” Powell told lawmakers.
He said the shortage was caused by the massive closure of the business, which prevented people from spending their coins, and the lack of open places where people could exchange coins for paper bills.
“We knew about this, we are working with the Mint to increase supply, we are working with reserve banks to deliver supplies to where they should be,” Powell said, adding that he expected the problem to be resolved. temporary.
Americans resorted to the help of the “lack of coins” at the end of June and have since reached a record high. Most people in Midwestern states are looking for a search term.
google search “lack of coins” shows that the problem is not limited to Meijer stores, but is widespread.
Social media users report that shortages are occurring in many large retail chains.
🙏 ♥ ️✌
Meijer does not accept cash during self-checking due to lack of coinshttps://t.co/eHL0nUqAqc
– Long haired hippie rebel 🕉 (@ lbox327) June 30, 2020
Lack of coins?
– MajorTom🚀✈️⚡️🇳🇿🇦🇺☧ (@MajorTomXRP) June 28, 2020
– Aaron Soriano (@aaroninbrooklyn) June 26, 2020
My job …. now where the hell are the coins going? pic.twitter.com/Le8k1ApFeH
– Woo. (@I_INTIMIDATE_uu) June 27, 2020
Indeed? Lack of coins? pic.twitter.com/rsOk2Wg2FF
– Mike 🏌🏻 (@ NYRfan46) June 28, 2020
Is this a tricky step to ban cash transactions in favor of credit cards under the guise of a coronavirus problem?