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Cash cycle

February 3, 2021

Represents the various stages of the lifecycle of cashMoney in physical form such as banknotes and coins., from issuance by the cen-
tral bank, circulation in the economy, to destruction by the central bank.

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We have succumbed to the inevitability of digitalisation and the associated monetisation of money, the cynical conversion of the public good called cash into its privatised digital equivalent. In the process, we are losing the social utility of cash.

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