All articles tagged with #penny shortage
Originally Published 3 days ago — by Axios
The U.S. penny shortage has led the Federal Reserve to resume accepting penny deposits at select locations, aiming to ease cash checkout issues, but this limited measure does not address the broader circulation and production problems, which remain unresolved since the last pennies were minted in November and production was halted last year.
Originally Published 13 days ago — by NACS
The U.S. Treasury has stopped producing pennies, leading to a shortage and prompting guidance for merchants to round transactions to the nearest five cents, while lawmakers call for legislation to provide legal safe harbors and ensure smooth cash circulation amid ongoing debates about penny recirculation and costs.
Originally Published 25 days ago — by Oregon Public Broadcasting - OPB
The discontinuation of penny minting by the US Treasury has led to a penny shortage in Clark County, Washington, causing issues for local government operations and prompting calls for federal or state guidance on how to handle cash transactions without pennies, with some businesses already rounding prices.
Originally Published 1 month ago — by Axios
The U.S. penny shortage, accelerated by the end of penny production, is causing widespread retail disruptions, increased operational costs, and legal challenges due to rounding issues, especially during the busy holiday shopping season, with significant impacts on low-income and older Americans. Retailers are adapting by posting signs, retraining staff, and implementing tech fixes, but the lack of federal rounding rules risks legal and compliance problems.
Originally Published 2 months ago — by Pittsburgh Post-Gazette
Giant Eagle held a successful promotion allowing customers to exchange pennies for double value gift cards due to a nationwide penny shortage caused by changes in U.S. coin policies, receiving over 100 million pennies during the event.