Are U.S. coins in short supply?

Contact Your Elected Officials

Why do U.S. coins seem to be in short supply according to The Federal Reserve

Business and bank closures associated with the COVID-19 pandemic have significantly disrupted the supply chain and normal circulation patterns for U.S. coins. While there is an adequate overall amount of coins in the economy, the slowed pace of circulation has reduced available inventories in some areas of the country.

The Federal Reserve is working with the U.S. Mint and others in the industry on solutions. As a first step, a temporary cap was imposed on the orders depository institutions place for coins with the Federal Reserve to ensure that the current supply is fairly distributed. In addition, a U.S. Coin Task Force was formed to identify, implement, and promote actions to address disruptions to coin circulation.

Since mid-June, the U.S. Mint has been operating at full production capacity, minting almost 1.6 billion coins in June and is on track to mint 1.65 billion coins per month for the remainder of the year.

As the economy recovers and businesses reopen, more coins will flow back into retail and banking channels and eventually into the Federal Reserve, which should allow for the rebuilding of coin inventories.

Another Opinion on why U.S. coins are in short supply

The media’s explanations for the coin shortage are so ludicrous that even TV watchers are starting to ask questions, late in the game though they are, and muzzled to boot. The truth is that the kink in the distribution chain is being caused by the Federal Reserve, as is clear from congressional testimony–though notably the Fed Chair himself brought nothing but nonsense, archaic jargon and obfuscation to that hearing. In any case, the Fed’s wholesale takeover of the U.S. continues apace, evidently intent on leaving no penny unturned.

U.S. Mint Public Service Announcement

The impact of COVID-19 has resulted in the disruption of the supply channels of circulating coinage โ€“ the pennies, nickels, dimes, and quarters that the American people and businesses use in their day-to-day transactions. Listen to this public service announcement from Mint Director David J. Ryder about how to #GetCoinMoving again.

Coinstar CEO on America’s coin shortage amid the pandemic

CNBC’s Ylan Mui breaks down why the U.S. is seeing a coin shortage. Coinstar CEO Jim Gaherity joins to discuss.

Fed chair Jerome Powell: Coronavirus caused a temporary coin shortage

Federal Reserve Chairman Jerome Powell answers questions from the House Financial Services committee.

FEDERAL RESERVE statistical release PDF

federal-reserve-statistical-release-08-13-2020-h41

The Thinking Conservative
The Thinking Conservativehttps://www.thethinkingconservative.com/
The goal of THE THINKING CONSERVATIVE is to help us educate ourselves on conservative topics of importance to our freedom and our pursuit of happiness. We do this by sharing conservative opinions on all kinds of subjects, from all types of people, and all kinds of media, in a way that will challenge our perceptions and help us to make educated choices.

The Latest Trouble In Russian-Azerbaijani Relations Might Be Part Of A Turkish-US Powerplay

Could trouble in Russian-Azerbaijani relations be part of a Turkish-US powerplay, which Trump could have agreed to with Erdogan and Aliyev?

How The Big Beautiful Bill Will Keep Louisiana’s Energy Industry Strong

Renewable or not, our federal govt should not be rigging the deck against any energy sources, especially nuclear power that is both clean and consistent.

On Declaring War, Congress De Facto Amended the Constitution

Congress has de facto amended the Constitution by 55 years of refusing to debate matters of war and peace.

AOC โ€“ Acting On Cue

It is easy to dislike Alexandria Ocasio-Cortez (AOC), also known as Sandy Cortez, because she is fraudulent and not to smart.

LGBTQโ„ข Propaganda Roundup: Tampon Tim Walz Fails the Test

LGBTQโ„ข Propaganda Roundup: Nip/tucking the latest social engineering fisted...

These Energy Tax Credits Are on Chopping Block in GOP Megabill

A revised Senate Republican megabill to implement Trumpโ€™s agenda hastens terminations of tax credits for renewable energy development, but offers new tax inducement for coal production.

DOJ Sues LA Over Sanctuary City Policies: 4 Things to Know

DOJ filed a lawsuit against Los Angeles over what it said are โ€œsanctuary cityโ€ policies that shield illegal immigrants from deportation efforts.

Rep. Dusty Johnson Will Run for Governor of South Dakota

U.S. Rep. Dustin Michael โ€œDustyโ€ Johnson has announced that he will run for governor of South Dakota during the general election to that office in 2026.

Moderna to Ask for Clearance for Combination COVID-Influenza Vaccine

Moderna is going to ask regulators to approve its combination vaccine against COVID-19 and influenza, the company said on June 30.

Federal Reserve โ€˜Should Be Ashamedโ€™ for Not Lowering Interest Rates, Trump Says

President Donald Trump said Federal Reserve Chair Jerome Powell and his colleagues โ€œshould be ashamedโ€ for not lowering interest rates.

Trump Signs Executive Order to Lift Sanctions on Syria

President Trump signed an EO on June 30 to lift most sanctions on Syria, giving the Middle-Eastern country an opportunity to develop economically.

Canada-US Trade Talks Will End Until โ€˜Certain Taxesโ€™ Are Dropped, Trump Stresses

Trade discussions between Canada and the United States will end โ€œuntil such time as they drop certain taxes,โ€ U.S. President Trump said in an interview.

Trump Says US to Send Tariff Letters to Trade Partners Before July 9 Deadline

President Donald Trump said Sunday he will soon send letters to trading partners detailing the tariffs to be imposed on their exports to the United States.
spot_img

Related Articles