BMV Asking Customers Not To Pay In Cash During Coin Shortage
Don’t plan to use cash to pay when you go to the Bureau of Motor Vehicles any time soon.
That’s what the BMV is asking Hoosiers amid a nationwide coin shortage.
The U.S. Federal Reserve is experiencing the coin shortage because of the COVID-19 pandemic. Businesses where coins typically enter the system – retail shops, bank lobbies, transit authorities and laundromats – were temporarily closed. And coins that normally would have been received as change were not circulated back.
As a result, the BMV has been unable to access additional coin inventory, leaving it unable to provide people with correct change when they pay in cash. The agency is asking customers to only use cash when they can provide exact change.
There’s no timetable from the Federal Reserve when the coin shortage will be over.