Shortage prompts Kroger to stop giving coin change to customers

Marco Green
July 14, 2020

If you are looking to get rid of all that spare change at home or in your vehicle, now is a good time to do it. Monnettes Market on Glendale is asking customers who are paying with cash, to have exact change handy if possible.

Kroger, the parent company of Fred Meyer and QFC, announced it won't be giving back coin change at the checkout.

Instead, the remainder of cash transactions will be applied to loyalty cards and automatically go toward the next purchase.

Customers will also be encouraged to "round up" their purchases to the nearest dollar to support Kroger's Zero Hunter/Zero Waste Foundation.

According to leaders at The Federal reserve, the pandemic has significantly disrupted the supply chain and normal circulation patterns for coins, so inventory is below normal levels. It blames the problem on restricted operations by establishments where coins typically enter circulation, including retail shops, bank branches, transit authorities and laundromats.

After months of living under stay-at-home orders, with most stores being closed or refusing to accept cash to prevent the spread of coronavirus, it appears people have turned into inadvertent coin hoarders. "So, the whole system has kind of, had come to a stop", Powell said, according to FOX Business. We're well aware of this.

At the same time, the Federal Reserve said its measures meant to replenish coin inventory won't be enough to solve the shortage in the near-term. Because of that, you may notice a few changes when you go to check out at some stores.

Other reports by Click Lancashire

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