The U.S. Mint is asking for help getting the coins back into circulation

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In the middle of the coronavirus crisis, Americans have largely abandoned cash in favor of credit cards or contactless payments. As a result, there aren’t enough pennies, nickels, dimes, and quarters to go around.

Now the US Mint, which makes coins, is asking for help.

“There is an adequate supply of coins in the economy, but the slow pace of circulation means that sufficient quantities of coins are sometimes not readily available when needed,” the Mint said in a statement. declaration.

“We ask that the American public begin spending their coins, depositing them or exchanging them for currency at financial institutions or bringing them to a coin redemption kiosk.

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Still, new habits can be hard to break. Americans are finally adopting contactless and digital payment methods after years of reluctance.

“The pandemic accelerated many digital trends that were already underway, but it probably took us five years forward in five months,” said Greg McBride, chief financial analyst at Bankrate.com.

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