A sign in the window at
CVS Pharmacy at 7809 Wisconsin Avenue in Bethesda reflects the national coin shortage. Businesses are running out of coins because Americans haven't been using them during the coronavirus pandemic, and when they do make a purchase, they've tended to use credit cards or other touchless payment methods. Thus the number of coins in circulation has drastically dropped. CVS is asking for customers to trade in their coins for cash, on a sign that blares, "COIN SHORTAGE."
This makes NO sense. If people are using credit cards/ touchless methods then they’re not GETTING any coins so they are not taking any coins out of circulation so there should not be any shortage!
ReplyDeleteIt’s more insane b.s. that I’m not ‘buying’
I would also add that “panic” is a bit of an exaggeration and misleading.
ReplyDeleteI've seen signs like that all over the east coast. It makes no sense to me. If everything was closed for so long and noone could spend money then where did all the coins go? As mentioned above most people pay with credit and/or cashless methods. I think there is more to it.
ReplyDelete