In Missouri, a new law permits businesses to round cash transactions to the nearest quarter to simplify cash handling and minimize the use of coins. This optional policy aims to address the growing shortage of coins, a challenge exacerbated by the pandemic. Businesses that choose to implement this rounding method can apply it to cash transactions, allowing them to round down to the nearest quarter for amounts ending in 1 or 2 cents and round up for those ending in 6, 7, 8, or 9 cents. The initiative is designed to encourage efficiency in cash transactions while still ensuring that customers receive fair treatment. While participation is voluntary, the goal is to make cash transactions easier for both businesses and consumers, potentially benefiting local economies by reducing the burden of coin scarcity.
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