While an impending cashless society is creating problems for Sweden’s bank robbers, in the U.S. cash is still a popular form of payment.
Because we tend to value our cash purchases more than what we buy with plastic and direct deposit, the trend to online shopping will affect brand loyalty.
After solving hyperinflation with a multi-currency solution, Zimbabwe no longer needs a $1 trillion bill but they do need to eliminate deflation.
Retaining Hamilton on the $10 and replacing Jackson with Harriet Tubman on the $20 are currency redesign decisions that change and continue the past.
If Alexander Hamilton’s image remains on a new 10 dollar bill, then a woman’s image could replace Andrew Jackson on the $20 bill.
Overseeing big banks, regulators are faced with a too big to fail tradeoff that began with Glass Steagall and continues today with Dodd Frank.
Coping with hyperinflation, Zimbabwe finally had to replace their currency with the US. dollar. A low inflation rate should be their monetary policy goal.
While many nations have deposit Insurance and China will have theirs very soon, the quality and the confidence in different deposit insurance schemes vary.
Although coin and currency are costly to transport and secure, still, cash is a key component of the money supply that people use for low value payments.