ALEXANDRIA, Va.—The U.S. Coin Task Force is asking retailers and banks to encourage Americans to return coins into circulation, and there’s still time left this month to spread the word, according to www.getcoinmoving.org. NACS is a member of the U.S. Coin Task Force.
Due to the COVID-19 pandemic, coin circulation was disrupted, with $48.5 billion in coin in circulation, but most of it is sitting dormant inside America’s 128 million households. Returning coins into circulation by spending, depositing or exchanging them at banks or kiosks will help the millions of American people and businesses that rely on coins to support cash transactions.
“Disruption in the coin supply hurts our cash paying customers the most who depend on our stores to make change,” said Anna Ready Blom, director of government relations for NACS. “It also creates additional burdens on our store associates, who have already been stretched thin from the pandemic, and now have to divert time and resources to finding coins. Many convenience stores are offering incentives to customers who will bring in their spare change.”
The U.S. Coin Task Force declared October as the “Get Coin Moving” month. The U.S. Coin Task Force has published toolkits and resources, including sample media posts, for retailers, financial institutions and armored carriers, as well as fun and engaging learning resources for kids and families.