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Cash and Crises
Cash is a contingency and fall-back solution
An Inclusive, Fair and Resilient Monetary Ecosystem needs Cash
July 02, 2020
Despite the scale of the Covid-19 pandemic, the payment system has weathered the storm; no systemic outages of core payments infrastructure have been reported. Payments systems - cash and non-cash - have proved resilient and robust and have continued to enjoy trust from the general public.
Spain : 86% of the Population Considers Cash is Important but not the Government
June 16, 2020
A survey shows that the majority of Spaniards view access to cash as important in times of crisis. Meanwhile the government is proposing to lower the limit on cash payments and advocate its elimination altogether.
Australia: Covid-19 could be the Ultimate Disrupter in Retail Payments
June 08, 2020
As in other countries, Australia has seen an increase in currency demand and a decline in cash payments during the pandemic. The Reserve Bank is considering policy options to ensure competition and resilience in the payments market. This could lessen the profitability of retail payments.
UK Charity Calls on Regulators to Secure Access to Cash through the Pandemic and Beyond
May 18, 2020
Age UK is deeply concerned that the headlong rush towards a cashless society is leaving some older people unable to pay their way. It joins a growing number of associations around the globe calling for universal access to cash.
Time to Protect Cash
May 15, 2020
Cash – physical currency – is a vital public good whose social utility in times of crisis deserves to be better recognised. It is time for aid agencies to protect it. The health of vulnerable populations around the world – the people international aid agencies exist to protect – should not be put at risk by advising them to use only cashless forms of payment or systems which are not disaster-resilient. In fact, to do so goes against the humanitarian principles of ‘do no harm’.
U.S. Currency Poses No Greater Risks Than Cards or Phones
May 06, 2020
The Consumer Choice in Payment Coalition reminds the public to be fully and accurately informed, and not misled by unfounded fears surrounding the use of cash versus other payment methods.
Cash and Coronavirus - a Communication Challenge
April 29, 2020
As the Coronavirus pandemic spreads around the globe, it is changing the way we interact with others and the way we transact. Social distancing, confinement measures, closures of shops and restaurants are changing the way we shop and pay. This article aims to review how central banks and the media have been reporting on the impact of the virus on cash and payments and what lessons can be learnt.
The Russians Love their Banknotes Too
April 24, 2020
Cash demand is soaring in Russia. The country joins Argentina, Australia, the Euro area and the US, which have also seen a sharp rise in cash in circulation.
The Role of Cash when responding to the Covid-19 Pandemic
April 21, 2020
Disaster Management Consultant and Epidemiologist, James Shepherd-Barron, shares why advising low-income societies to use contact-less electronic payments instead of cash as a Covid-19 control measure is likely to negatively affect health outcomes over the longer term.
Don’t be a dactylochrematophobe!
April 20, 2020
Antony Harris of Crane Payment Innovations explains why being a Dactylochrematophobia – someone afraid of handling cash – is concerning for society and what alternatives can be looked at in facing this fear.
Cash matters – now, more than ever, in the time of coronavirus
April 16, 2020
Groups representing the currency, ATM, transportation and security sectors call on governments, central banks, media, business and society to stand up for cash.
Cash Demand Surges in Argentina, Australia, the Euro Area and the US
April 15, 2020
The value of cash in circulation has increased sharply in March in Argentina, Australia, the Euro Area and the US. In spite of reports that banknotes and coins could be responsible for spreading the Covid-19, cash demand is stronger than ever.