Difference between revisions of "Cash"
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| + | '''Cash''' is [[money]] in the form of banknotes and coins. It accounts for an ever decreasing proportion of the money supply, in the 21st century, it is typically only a few percent at most. | ||
==Banning cash== | ==Banning cash== | ||
| − | Various [[nation state]]s have been restricting high denomination banknotes, citing a desire to | + | [[Cashless_ddees.jpg|left|340px]] |
| + | Various [[nation state]]s have been restricting high denomination banknotes, citing a desire to restrict [[money laundering]] of "[[terrorism]]". For example, [[India]] and [[Venezuela]]. | ||
In December 2016, the ''[[New Zealand Herald]]'' reported that "Australia could scrap the $100 note".<ref>http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=11766817</ref> | In December 2016, the ''[[New Zealand Herald]]'' reported that "Australia could scrap the $100 note".<ref>http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=11766817</ref> | ||
{{SMWDocs}} | {{SMWDocs}} | ||
==References== | ==References== | ||
{{reflist}} | {{reflist}} | ||
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Revision as of 12:46, 19 January 2018
 Cash  (money)   | |
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| Interest of | Kenneth Rogoff |
Cash is money in the form of banknotes and coins. It accounts for an ever decreasing proportion of the money supply, in the 21st century, it is typically only a few percent at most.
Banning cash
left|340px Various nation states have been restricting high denomination banknotes, citing a desire to restrict money laundering of "terrorism". For example, India and Venezuela. In December 2016, the New Zealand Herald reported that "Australia could scrap the $100 note".[1]
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