FMI – The Food Industry Association is encouraging all Americans to assist in increasing coin circulation in October during “Get Coin Moving” Month to support businesses that rely on coins for everyday cash transactions.
Leslie G. Sarasin, FMI president and CEO, highlighted the ongoing disruptions to coin circulation in a statement, saying:
“The COVID-19 pandemic accelerated shifts in consumer habits about how they purchase goods and services, with increases in online shopping and credit or debit card use impacting the circulation of legal tender like coins. These shifts have resulted in large quantities sitting idle in the 128 million households across America instead of flowing through commerce.
“Unfortunately, this means that businesses like grocery stores have a harder time making change for cash transactions, and consumers who rely on cash have difficulty securing the coins they need for everyday food and goods purchases at our stores.
“We cannot mint ourselves out of this situation. It is critical that Americans do our part to get coin moving by returning them back into circulation. We call on all Americans to spend or donate their idle coins, deposit coins at financial institutions or redeem them at kiosks.”
As the food industry association, FMI works with and on behalf of the entire industry to advance a safer, healthier and more efficient consumer food supply chain. FMI brings together a range of members across the value chain – from retailers that sell to consumers, to producers that supply food and other products, as well as the wide variety of companies providing critical services – to amplify the collective work of the industry.
For more information, visit FMI.org.
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Have a Coinstar like machine in your store and give people the full amount they put in, in cash. Problem solved