August 3, 2020
The U.S. Coin Task Force has published its initial recommendations (Off-site) for addressing the coin circulation issues in the supply chain as a result of COVID-19.
The Federal Reserve convened the U.S. Coin Task Force in early July to work together to identify, implement, and promote actions to reduce the consequence and duration of COVID-19 related disruptions to normal coin circulation. The task force engaged industry leaders in the coin supply chain, including representatives from the Federal Reserve, the U.S. Mint, financial institutions and their industry associations, armored carriers, large retailers and retail associations, and coin aggregators. The task force released a public statement in late July encouraging the public to do what they could to return coin into circulation.
These initial recommendations are an outcome of the task force’s first phase, which concluded at the end of July. The task force agreed to continue work in August on the second phase, focused on refining these recommendations as well as identifying strategies that would require a longer lead time to develop.
We appreciate the time and dedication of the U.S. Coin Task Force members on this important effort.
For more information, visit getcoinmoving.org (Off-site).