The Federal Reserve announced on June 11th that COVID-19 had caused a disruption in the normal flow and distribution of circulation of US coinage. The following week, Jerome Powell, the head of the Federal Reserve, spoke before the US House Committee of Financial Services. He informed the members that the partial shutdown had created a stoppage of the flow of coins in our economy. Consequently, some retailers are asking customers to use exact change. Mr. Powell also shared that he believes the condition will be only temporary because the economy is opening back up.
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