Kroger Stops Giving Customers Change Amid Coin Shortage

Photo: Getty Images

In what could be the beginning of the end for coins, the country's largest supermarket chain has announced it will no longer give its customers coins as change.

Kroger officials on Monday revealed cashiers will now offer customers two options in lieu of receiving change: they can either apply it to their loyalty cards to use for their next purchase, or they can donate it to Kroger's "Round Up" program, which gives the change to charity.

Customers were not going to stores and as a result, the flow of coins "kind of stopped," according to Federal Reserve Chairman Jerome Powell.

"The places where you go to give your coins and get credit at the store and get cash — you know, folding money — those have not been working, stores have been closed. So, the whole system has kind of, had come to a stop," Powell said, according to FOX Business.

In June, the Federal Reserve revealed less people have been spending cash because of the coronavirus, resulting in far less coins in circulation than usual.

For more information, please read here.

Sponsored Content

Sponsored Content