U.S. coin shortage recap
Business and bank closures associated with the COVID-19 pandemic have significantly disrupted the supply chain and normal circulation patterns for U.S. coins. While there is an adequate overall amount of coins in the economy, the slowed pace of circulation has reduced available inventories in some areas of the country. (Source:US Federal Reserve)
Are coin shortages really new?
Most Americans have never known what’s it’s like to do business and have coin shortages. Yet, in the midst of the global pandemic signs on front store windows asking customers to use exact change are now commonplace. It’s become a new problem for many U.S. business owners, but other parts of the world have long faced this ‘everyday challenge’; and, the economic consequences of this type is much more than an inconvenience. Read about the ‘everyday' challenges’ and why they’re important.
Article
African microentrepreneurship: The reality of everyday challenges
Journal
Journal of Business Research
Co-authors
Esi Abbam Elliot