Looking at the economic impact of India’s 2016 demonetization of large denomination rupees, researchers concluded that cash still matters.
Calming the everyday monetary chaos created by Venezuela’s hyperinflation is about much more than lopping zeros off its currency.
When Rush Hour 2 needed many millions in 100 dollar bills, Independent Studio Services (ISS) sent them 14 pallet loads of 4′ x 4′ cubes of fake money. During the filming, the Secret Service showed up, issued a cease and…
India appears to love its cash. Last year’s demonetization of large bills was supposed to diminish the use of cash, eliminate “black money,” and expand the digital economy. However, even without the high value notes, the currency supply dipped and…
While intuitively, we know the characteristics of money, when we receive a bent coin or a half of a dollar bill, we might wonder if we can spend it.
Like Mark Twain saying, “The reports of my death have been greatly exaggerated,” non-cash payments have not eliminated currency.
As an artist, a forger, or both, J.S.G. Boggs has made museums, colleges, Scotland Yard and the U.S. Secret Service decide what is fake money.
Phasing out pennies is about much more than mostly zinc coins, carrying around too much change, and paying $2.01 for a tall coffee.
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.