Acceptance of cash

A recent article from the Reserve Bank of Australia examines why cash usage has declined markedly since the mid-2000s through the interdependencies between cash use, cash access, and cash acceptance.

The Cuban government recently restricted the use of cash in transactions, seeking to promote financial inclusion. Cuban infrastructure is ill-prepared for digital payments.

I attested how payment habits in France have changed during a recent visit to Paris. However, cash usage remains resilient.

Latest YouGov findings reveal 71% of the British public would support making it a legal requirement for businesses to accept cash.

The European Commission has put forward two proposals to ensure that euro-area citizens and businesses can continue to access and pay with cash, and to set out a framework for a possible digital euro.

The Slovakian Parliament adopted a law which will make the right to pay in cash part of the constitution.

The Finance Minister announced legislative proposals to ensure affordable access to both cash withdrawals and deposits. Meanwhile, the banking sector is requested to maintain adequate cash services.

Numerous protests and petitions are calling for better access to and acceptance of cash worldwide. Could they reverse the decline in access to cash and help maintain its infrastructure?

In Sweden, an inquiry concludes that the state should ensure better access to payments, recommends mandating cash acceptance, and sees no current need for a digital krona.

Paying taxes in cash is arduous, time-consuming and discouraged, but it is possible. For the unbanked, alternative ways to pay are costly.

A new report suggests that almost three out of four Canadians believe that refusing cash in grocery stores is discriminatory towards the unbanked and underbanked.

According to the FDIC, nearly 4.5% of U.S. households were unbanked in 2021. No federal statute mandates the acceptance of cash in U.S. retail payments.