The Cambridge Security Initiative (CSi) has published a public interest paperSee Banknote paper. More on the future of cashMoney in physical form such as banknotes and coins. More in the domestic and international economy. The lead writer is Dr Alfred Rolington, a CSi fellow and an acknowledged leader in the fields of cyber security and economic security. His stimulating journey through the history of cash and its role in current financial transactions compared to other forms of payments leads him to the view that the dire predictions of the imminent death of cash as a means of exchangeThe Eurosystem comprises the European Central Bank and the national central banks of those countries that have adopted the euro. More are wildly exaggerated.
The paper concludes considering the developments of cybercriminality, “governments will need to continue maintaining oversight of the different types of currencyThe money used in a particular country at a particular time, like dollar, yen, euro, etc., consisting of banknotes and coins, that does not require endorsement as a medium of exchange. More in use ensuring a balanced trajectory between printed and minted moneyFrom the Latin word moneta, nickname that was given by Romans to the goddess Juno because there was a minting workshop next to her temple. Money is any item that is generally accepted as payment for goods and services and repayment of debts, such as taxes, in a particular region, country or socio-economic context. Its onset dates back to the origins of humanity and its physical representation has taken on very varied forms until the appearance of metal coins. The banknote, a typical representati... More through to a variety of electronic cyber currencies. Currency remains a critical element in national infrastructure and requires special protection” They must ensure the right mix of the means of exchange within national economic and financial systems so that stability, control and sovereignty can be maintained.
The research also suggests that the use of cash is fixed into the transaction processes of much of the world and is embedded into our societal culture.