Cash
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| Interest of | Kenneth Rogoff<! d /> |
Cash is money in the form of banknotes and coins. It accounts for an ever decreasing proportion of the money supply, in the 21st century, it is typically only a few percent at most.
Banning cash
Various nation states have been restricting high denomination banknotes, citing a desire to restrict money laundering of "terrorism". For example, India and Venezuela. In December 2016, the New Zealand Herald reported that "Australia could scrap the $100 note".[1]
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