If paper money is ever recalled, it will be for the purpose of devaluation and issuance of new currency. That's why have a lot of money stored in coins. Coins are never recalled in devaluations and thus increase in value. If paper is devalued 100X, my coins increase in value by 100X and I'll be bloody rich. :)
That might be why the banking system was hoarding coins during the "virus." The mint was still stamping out coins like always, but they weren't getting to the businesses to make change. Even today, my local drugstore won't give coins in change. If you pay in paper money, the price will be rounded up.
I call fake news.
If paper money is ever recalled, it will be for the purpose of devaluation and issuance of new currency. That's why have a lot of money stored in coins. Coins are never recalled in devaluations and thus increase in value. If paper is devalued 100X, my coins increase in value by 100X and I'll be bloody rich. :)
That might be why the banking system was hoarding coins during the "virus." The mint was still stamping out coins like always, but they weren't getting to the businesses to make change. Even today, my local drugstore won't give coins in change. If you pay in paper money, the price will be rounded up.