Where Have All The Coins Gone?

Where Have All The Coins Gone?

Cash shortage continues to be a a problem. Experts blame COVID-19 By Deborah Jeanne Sergeant Have you been reaching for your credit or debit card more recently instead of cash? Numerous businesses have posted signs stating they prefer cards or exact change for payments. But why? Kenneth P. Walsleben, professor of entrepreneurial practice and entrepreneurship and emerging enterprises at Syracuse University, has seen the signs, too. After he had placed his order at one restaurant, he arrived at the register to learn that the restaurant had no change and that his total would be rounded up. While Walsleben did not mind the slight increase in price — it was less than $1 — he did mind that the restaurant did not tell him until he was ready to pay. “If you’re a merchant taking on a policy like that, you have to be straightforward and change the menu so everything ends in an even number,” he said. For Walsleben the lack of change stems in part from people who have not redeemed their loose change jars at home since the pandemic began. Since few bank lobbies were open during the quarantine and even still, not all customers are comfortable going

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