DC Businesses Wrestle With the End of Pennies
Briefly

DC Businesses Wrestle With the End of Pennies
"who owns the Falls Church taqueria La Tingeria, considered rounding menu prices to eliminate pennies, but the 11-percent tax rate in Falls Church would still lead to prices like $21.32. Instead, he's created a somewhat confusing system when he makes change, rounding down to the nearest 5 cents if the amount ends in 1, 2, 6, or 7 and rounding up if it ends in 3, 4, 8, or 9."
"But for other establishments, cash is still part of the daily routine, and the looming penny shortage poses a problem. The Restaurant Association Metropolitan Washington's Shawn Townsend says the trade group is concerned: "If the penny is effectively being phased out, we believe Congress should establish clear national guidance on rounding and change-making so restaurants and guests aren't left to navigate inconsistent or improvised practices." Right now, local restaurants are trying to figure out what to do."
The US Mint stopped producing pennies, and the coins will gradually fade from use as they leave circulation, with about 300 billion currently extant. Higher-end eateries rely on cards, but many restaurants still depend on cash, making a penny shortage problematic for daily operations. The Restaurant Association Metropolitan Washington urges Congress to provide national guidance on rounding and change-making to avoid inconsistent practices. Some local owners are testing rounding systems, while others continue accepting and returning pennies. Rising card fees are also prompting some small businesses to consider cash-only operations.
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