Pearland TX

Walmart asks customers to use debit, credit cards amid coin shortage


Federal Reserve Chairman Jerome Powell said in June that the shutdowns from the COVID-19 pandemic raised concerns about coin circulation.

“What’s happened is that, with the partial closure of the economy, the flow of coins through the economy has gotten all — it’s kind of stopped,” Federal Reserve chairman Jerome Powell said during a virtual hearing with the House Financial Services Committee in June.

Walmart does not know how long the policy will be in place.

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