Federal Reserve warns of temporary coin shortage

by Noah Brown

Fri, June 26th 2020, 3:01 AM UTC

Due to COVID-19 restrictions shutting down most mints across the country, the U.S. Federal Reserve said in a June 11 statement that the country is facing a temporary coin shortage. (Noah Brown/KRCG 13)

{p}To combat the shortage, the Fed implemented what it called a "strategic allocation of coin inventories." This distributes the coin that the Reserve has to institutions nationwide based on "historical order volume by coin denomination and depository institution endpoint, and current U.S. Mint production levels." (Noah Brown/KRCG 13){/p}

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Due to COVID-19 restrictions shutting down most mints across the country, the U.S. Federal Reserve said in a June 11 statement that the country is facing a temporary coin shortage. (Noah Brown/KRCG 13)

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