Central Banking

Banks deal with coin shortage in Australia

AUSTRALIA - Banks in some parts of Australia are experiencing coin shortages. The Reserve Bank of Australia (RBA), which recently implemented a new coin distribution system, blames the shortfall on teething problems with the new system.

While the RBA has refused to say where the shortages have occurred, some Queensland supermarkets are now displaying signs that warn customers of shortages. Westpac Banking spokeswoman, Julia Quinn, says the changeover has not been as smooth as the bank had hoped

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