January 3, 2023
When its larger denomination bills suddenly became worthless in 2016, India's demonetization became a case study about the role of money.
When its larger denomination bills suddenly became worthless in 2016, India's demonetization became a case study about the role of money.
The Atlanta Fed looked at how we spend our twenty dollar bills to see the ATM's impact on whether we use cash or debit or credit.
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.