Coronavirus accelerates shift away from cash
The FT digs into the effects that are being felt through the banking system. ATM transaction volumes fell as much as 62% year on year at...
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Will coronavirus be the death of cash?
In a dramatic shift to digital it has been predicted that 30% of the UK population could move permanently away from using cash because of...
Fed quarantines US dollars repatriated from Asia
On average, the US Federal Reserve distributes $34b in paper notes every year. The Fed has begun quarantining physical dollars that it...
China is sterilizing cash in an attempt to stop the coronavirus spreading
The People’s Bank of China arranged to allocate nearly 600 billion yuan ($86b) of new banknotes. Money removed from high-risk sites such...
There are more US Dollars in Venezuela now than there are Venezuelan Bolivars
The U.S. dollar has extended its dominance in Venezuela and now accounts for more than half of all retail transactions and three times...
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