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Cash and Crises
France: Controversy over Stores Refusing Cash Steps up
May 28, 2020
The French Federation of Cash Management Companies has lodged a complaint with the Competition and Fraud Authorities over refusals to accept cash in shops during the pandemic.
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’.
Tax Digital Transactions to Fund Post-Covid-19 Recovery
May 11, 2020
Mathematician Ivar Ekeland and economist Jean-Charles Rochet recommend the introduction of a 0.3% tax on all electronic payments to fund the economic recovery, following the pandemic.
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.
French Authorities Remind Merchants that Accepting Cash is Obligatory
April 14, 2020
The Banque de France as well as the National Ombudsman have reminded merchants that refusing cash for a payment is illegal in France. In the UK, various associations increasingly speak out for cash.
The US and the Euro Area are Seeing a Surge in Cash Demand
April 08, 2020
The amount of cash in circulation has risen sharply in the past weeks in both the US and the Euro Area.
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.