Rethinking the narrative on cash
Antti Heinonen explores recent developments of cash that go against the prevailing narrative
The current narrative on cash is straightforward: its usage is gradually being replaced by digital payments, and it is only a question of when this will happen in each individual country. This narrative doesn’t, however, bear in mind that even if the share of cash in transactions is commonly decreasing, cash has other properties beyond just a payment medium. Moreover, the developments differ significantly between regions.
This article takes first a long-term perspective by addressing the global
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