Central Banking

Demise of cash ‘vastly exaggerated’: MAS’s Menon


Ravi Menon, the managing director of the Monetary Authority of Singapore, on Monday said reports of the demise of cash were "vastly exaggerated".

At the Currency Conference 2011, in Marina Bay Sands, Singapore, Menon said: "Electronic payment alternatives have mushroomed in many countries, ranging from contactless stored value cards in Singapore to real-time settlement of electronic fund transfers in the United Kingdom. But cash remains king. Even in advanced economies."

Menon said in Singapore

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

If you already have an account, please sign in here.

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account