· 5 min read
News in Brief
John Winchcombe
· Editor
Coin Shortage Returns to the US
The Retail Industry Leaders Association, which represents a range of US retailers, has written to the US Treasury Department asking for help to get the public to spend their accumulated coins. The retailers are facing a shortage of coins similar to early in the pandemic.
The article does not explain why this shortage has returned.
RBI Extends ATM Cassette Change Over
The Reserve Bank of India (RBI) had given Indian ATM owners three years to move to using lockable cassettes in their ATMs.
This was meant to be completed by the end of March 2021 but in July 2021 this was extended to March 2022. The RBI has again extended the deadline this time to March 2023.
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