What to Know About the National Coin Shortage
Recently, you may have heard about the national coin shortage. Here's what it means for consumers.
Recently, you may have heard about the national coin shortage from your local news source. In light of recent events, there are simply less coins currently in circulation. This has caused businesses that are typically driven by cash sales - such as coffee shops and liquor stores - to ask patrons to pay with exact change or use a card.
For consumers, this means being prepared with multiple payment options at your local store. However, if you do have a lot of extra coins hanging around, it could be helpful to begin using them for your daily transactions to begin circulating them back into the economy.
There are still enough coins around the nation, but they simply are not being used by consumers who are either not making purchases or opting to use credit cards. For more information on how the coin shortage could impact you, contact a local Vectra Bank rep today.