Virginia Chick-fil-A offers free food for coins amid shortage

Chick-fil-A in no rush to open dining rooms; investors reportedly plan to challenge Neiman Marcus bankruptcy loan

Fox Business Briefs: Chick-fil-A says it is going to take additional time to review its operations and reopen dining rooms even though it can resume dine-in service in Georgia; Reuters reports a group of investment firms are opposing Neiman Marcus’ plan to file for bankruptcy protection.

A Chick-fil-A in Virginia is offering customers food vouchers in exchange for coins to avoid going cashless amid a nationwide coin shortage due to the coronavirus pandemic.

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For every $10 of rolled coins, customers will receive the same value in paper bills in addition to a Chick-fil-A card for a free entree during select hours on Wednesday.

The Lynchburg Chick-fil-A will collect coins until the need is met.

CORONAVIRUS POSES NEW CHALLENGE TO US ECONOMY: A COIN SHORTAGE

The announcement comes at a time when the circulation of coins has been disrupted as the economy fights to reopen, forcing businesses to go cashless or consumers to pay in exact change.

In a virtual hearing last month, Federal Reserve Chairman Jerome Powell said that the flow of coins has "kind of stopped" as a result of consumers not going to stores and businesses facing lockdowns.

CORONAVIRUS COIN SHORTAGE HAS PEOPLE CASHING IN ON SPARE CHANGE

"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," Powell said in the hearing with the House Financial Services Committee. "Stores have been closed. So the whole system has kind of, had come to a stop."

KROGER STOPS GIVING COIN CHANGE AS CORONAVIRUS DRIVES SHORTAGE

The national coin shortage has prompted some banks to take initiatives in raising pennies, nickels, dimes and quarters that could be distributed to local businesses. In Wisconsin, the Community State Bank started a Coin Buy Back Program, offering $5 to donations of $100  in coins with a maximum bonus of $500.

The Chick-fil-A located in Lynchburg joins a number of businesses that are struggling to maintain a steady coin flow.

Kroger, the country’s largest supermarket chain, has halted the use of coin change to its customers earlier this month. CVS and WaWa have also requested that customers pay with exact change.

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