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Cash and Crises
Africa’s Mobile Money Industry is Infiltrated by Crime
July 07, 2020
The growth of mobile money in Africa has been one of the great success stories in digital payments over the past decade. A new Interpol report has found that the industry is being exploited by organised crime groups.
Tunisia Celebrates Women and Doctors with a new Banknote
April 06, 2020
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.
The CFA Franc is dead. Long live the Eco.
December 30, 2019
The CFA Franc was established in 1945 and is used in two African monetary unions, one in Western Africa and the other in Central Africa. The West African CFA Franc will be replaced by the Eco in 2020.
Multiplier Effects: How US$1,000 Cash Transfers benefited Kenya’s poor
December 17, 2019
Charity GiveDirectly gave US$1,000 each to poor households in Kenya, resulting to US$2.60 in additional spending or income for every US$1 cash delivered.
Why so eager for cashless?
March 12, 2018
Nigeria's central bank was extremely close to imposing fees on cash withdrawals and deposits in 2017, but quickly retracted. The question is, why impose policies that are detrimental to the wellbeing of citizens?
Is "social inclusion" truly the main driver for cashless?
November 29, 2017
Rwanda is pushing for a cashless society on the grounds that it contributes to financial inclusion. But with a country that is predominantly cash-based - and with everyone having access to hard currency - what more is there to include?
Mobile payments will change the way we access cash
May 30, 2016
Many observers and payments experts have viewed mobile payments as the silver bullet to replace cash. Mobile handsets have become ubiquitous; the growth of m-commerce creates a natural market for m-payments; the handset can become a natural link between the physical and digital worlds. There are nonetheless several reasons why they are unlikely to replace cash.
Even in the promised land of digital money, cash stays king
April 29, 2016
Cash use in Africa is increasing and is contributing to economic growth. The universality of cash makes it accessible and easy-to-use by all.