Coronavirus panic fuels a surge in cash demand
Not a week seems to pass without a media story on the ongoing demise of cash amid the rapid technological advances in payment systems that are supposedly making it obsolete. Many observers cite Sweden, where the share of cash in payment transactions and in GDP has fallen precipitously, as a template for where other countries are heading.
However, as we highlighted in our most recent research,1 cash in circulation as a share of GDP has actually been increasing quite rapidly in a number of
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 print this content. Please contact info@centralbanking.com to find out more.
You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@centralbanking.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@centralbanking.com
More on Banknotes
Canada introduces first Charles III coins
Argentina updates 2,000-peso note; ECCB commemorative note honours cricketer; and more
ECB selects possible topics for new banknotes
“European culture” and “rivers and birds” enter final selection phase
Uganda central bank cautions against currency ‘bouquets’
Practice makes it impossible to run banknotes through ATMs and counting machines
Nigerian central bank warns against cash panic
Central bank ends currency replacement plan as Cardoso pledges more limited role
Mexico implements emergency cash plan after hurricane
Banxico authorises banks to suspend minimum payments on credit cards
Currency round-up: Liberia withdraws pre-2021 notes
DRC central bank calls on the public to better preserve banknotes, and more
Cuban official denies plans to issue higher-value notes
Deputy governor says rumours are inaccurate as citizens face cash shortages and inflation
Book notes: The Continental dollar, by Farley Grubb
Grubb’s book brings an important new interpretation to this founding moment in US financial history