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Davidson County asks staff to draft penny-rounding policy as coin production ends
Summary
Commissioners directed staff to research legal options and software impacts for rounding in-person cash payments (round up, round down or require exact change) after banks reported limited pennies in circulation; staff will return with a formal policy recommendation.
Davidson County commissioners on Monday directed staff to develop a formal policy addressing the growing difficulty of obtaining pennies for in-person cash transactions. The discussion followed staff reports that banks and cash-handling departments have encountered shortages as the U.S. mint winds down penny distribution.
Commissioners discussed three broad options: require…
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