1/11/2024 0 Comments Coins currently in us circulationHowever, now that a few years have passed, the national shortage has gradually improved. Many businesses had to change their cash handling practices to align with new safety protocols. The overall money shortage that the pandemic created meant that cash and coins alike were in short supply. Is There a Coin Shortage?Īccording to The Federal Reserve, as of July 2023 there is no longer a coin shortage. Here is the coin shortage, explained.ĭiscover how ICL’s proprietary software simplifies how your business controls cash. While this has improved since 2020, there is still a coin circulation issue that disrupts how businesses and the economy function. Many businesses found themselves out of coins or cash, and also found themselves out of ways to order more. But is there still a coin shortage, and how could this impact your business?Ī nationwide shortage was one of the many disruptions that the COVID-19 pandemic created. We all remember how scarce coins and cash were during the height of the pandemic.
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