An extra $175 million worth of Australian cash banknotes were issued last week, taking the total cash in circulation to $104.094 billion, a new all-time record. The banker’s dream of a cashless Australia is dead and buried.The Reserve Bank of Australia reported that a new all-time record has been established for the amount of cash…
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Calls to Mandate Cash Acceptance
by themovieboards - Editor •
Ireland has showed Australia how to ensure consumers can access and use cash – by forcing supermarkets and chemists to accept cash. Australia’s big banks and the cash industry are currently in talks to work out how to best support cash distribution. According to CashWelcome.ORG there is only one way to ensure cash is widely…