Cash contributes to education

CashEssentials is honoured to announce that Monnaie de Paris (the French Mint) has joined the think tank.

A Royal Society for Arts report found that 48% of the population (25 million people) thinks the disappearance of cash would be problematic, and 10 million people would not know how to cope.

Elsewhere on the Web provides weekly updates and links to articles and reports related to cash and money, curated on the web. During the last fortnight, the media have analysed the people featured on banknotes around the globe. In Japan, incredible amounts of cash end up lost and found.

Cash Welcome, an industry-backed organisation giving a voice to those who trust and rely on cash, is launching a campaign featuring students, young parents and influencers explaining how they use cash to set a budget and save for specific goals.

The equivalent of over 2 billion Canadian dollars are currently held in foreign currency in Canadian homes and businesses. This money, if donated – can help to make a tremendously positive and impactful difference in the community.

This LGBTQ+ Pride month, the Bank of England launched a new £50 note depicting Alan Turing, mathematician, cryptographer, and father of modern computing, unjustly treated for being gay.

The new US Administration has announced efforts to speed up the design of the new $20 bill featuring abolitionist hero Harriet Tubman. The project had been paused under the Trump administration.

The Jury gives their take at selected images of CashEssential's third photo contest "SMALL BILL, BIG THRILL: A little Cash goes a Long Way" and their view on the importance of cash today.

While around the world, people are celebrating doctors and medical staff who are in the front line fighting the coronavirus pandemic, the Central Bank of Tunisia honours women in the scientific and medical fields by portraying Doctor Tahwida Ben Cheikh on a new note.

Patriarchy is alive and kicking including on banknotes. Women are featured on a minority of banknotes around the world but the situation is improving.

Finland is seeing an increase in household debt and over-indebtedness. This may be partly explained by the increasing use of digital payments, which makes budgeting more difficult. The Bank of Finland is responding with a financial literacy programme to educate its citizens.

In celebration of the 35th anniversary of the Australian Dollar, the Royal Australian Mint and Australia Post have launched a coin hunt, inviting children to collect 26 limited edition coins. The coins feature quintessentially Australian icons including didgeridoos, lamingtons and quokkas.