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Cash economy

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Xi Jinping (right) shaking hands with once-sidelined entrepreneur Jack Ma in Beijing ahead of a business summit last month chaired by the Chinese president.

Xi brought Ma in from the cold. AI investors took notice

He was one of China’s most well-known faces before disappearing from public view. Now Jack Ma is back.

  • Lisa Visentin

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Armaguard’s woes last year highlighted the strain on the cash distribution system.

‘The cost of cash is real’: So who’s really paying to keep it alive?

Moving cash around the country in armoured cars costs money. But unlike digital payments that attract surcharges, these costs aren’t visible to consumers.

  • Clancy Yeates
Supermarkets would have to offer cash payments to customers but bottle shops not under a planned cash mandate.

Cash will remain king in the supermarket – but not at the bottle-o

The government is mandating cash for essential services across the country. Supermarkets and petrol stations are in – but bottle shops and cafes are out.

  • Shane Wright
About 94 per cent of businesses continue to accept cash in Australia.

Legal tender: Seven reasons not to abandon cash just yet

Digital payments might be on the rise, but cash can be a lifeline for those who rely on it to pay for essential items.

  • Nina Hendy
Using cash for a week taught me about my spending habits.

Everything I learnt by giving up my card and using only cash for a week

According to the government, physical currency isn’t going anywhere. But just how easy is it to give up tap-and-go?

  • Angus Delaney
Cash is not dead.

Cash is no longer king, but it pays to keep it around

Few among us would not have felt the sting of a surcharge for using debit and credit cards, but the cost of banknotes and coins is a real and growing concern.

  • The Herald's View
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Fifty dollar bank notes.

Shops to be forced to accept cash for basic supplies and services

The use of physical currency has plummeted in recent years, but Australians will still be able to use it to buy essential items into the future.

  • James Massola and Shane Wright
The Reserve Bank has decided against creating a digital currency for retail payments.

The $6 trillion gamble the RBA isn’t willing to take

The Reserve Bank has ruled out creating its own digital currency, partly over fears it could undermine the nation’s entire banking system.

  • Shane Wright
Cash costs money to use. If the country wants to keep it, then costs have to be reduced.

The costly business of cash has to change

When debating surcharges imposed on people who pay with a card versus physical money, I’ve lost track of the number of times I’ve had to explain that cash is not free.

  • Shane Wright
Labor MP Jerome Laxale.

Banks gouging $4 billion from customers for cashless transaction fees: MP

A Labor MP has accused the big banks and credit card providers of stinging consumers $4 billion annually through card surcharges imposed by small retailers.

  • Shane Wright

Original URL: https://www.watoday.com.au/topic/cash-economy-1mpl