Future of cash: what we can learn from the history of money

US Federal Reserve automated cash vault
An automated cash centre operated by the Federal Reserve

The ongoing pandemic has highlighted the paradoxical development of the usage of cash: its use as a payment instrument has decreased yet, at the same time, its use as a store of value has reached record growth rates. To understand this development, it is useful to reflect on the history of money.

Money is commonly defined as anything that can be used to make a payment or settle a debt. Without taking a stance in the debate over whether there are any historical examples of the most primitive

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 [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

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 here: