Public good

2024 marked a pivotal chapter in the evolving narrative of cash. From New Zealand’s innovative community cash trials to Germany’s National Cash Forum, efforts were made to enhance access and acceptance of cash. Research delved into its psychological and societal importance, while the Paris Olympics exposed the challenges of cashless society. This retrospective captures key moments that shaped the discourse on relevance of cash, reflecting its enduring role in fostering financial inclusion, economic stability, privacy and consumer choice.

The Future of Cash Conference 2023 (Istanbul 6-8 November) will kick-off with a research seminar that will discuss whether cash qualifies as a public good or as a basic right, and the policy implications of this.

To pursue its policy research on the future of money and the role of cash in the future monetary landscape, CashEssentials has an exciting opportunity for a Researcher in an international, interdisciplinary and impactful area.

The Future of Cash Conference (Istanbul, November 6-8, 2023) will bring together stakeholders to discuss new strategies to design the cash cycle of the future.

The digitisation of payment instruments increases the number of people in a situation of monetary exclusion. Digital payments have become essential to fully participate in socio-economic activities, although they are not accessible to all.

As an increasing number of central banks investigate the opportunity and feasibility of a CBDC, it appears that they are not a silver bullet and present both pros and cons. The key to their success comes from properly designing these digital currencies and the core motivations and use cases behind their adoption.

As use of electronic money grows, so does the use of hard cash - but the next step could come from an unexpected player, states Deloitte Chief Economist Ian Stewart.

Sweden might be considered the pioneer in the shift towards digital payments, but even the central bank warns against a hastened transition.

Various associations stepped up to defend cash following a public consultation on possible cash restrictions in the EU.

Iceland is exploring the possibility to impose cash restrictions as a solution to fight tax evasion but such a move will only hurt honest citizens and do little to help government's coffers.

A couple years after Andy Haldane's proposal to abolish cash to impose negative interest rates on people, cash is proving to be still one of the most popular means of payment in the UK with a 10% growth in 2016 compared to the previous year.

NYPD has started installing ATMs inside station houses offering residents greater security when withdrawing money.