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The key drivers behind government and central bank efforts to maintain…
The key drivers behind government and central bank efforts to maintain cash access
Financial Inclusion
Support for vulnerable groups (elderly, low-income)
Inclusion of socially vulnerable citizens
Access for unbanked populations
Ensuring access in rural and remote areas
Economic Stability
Privacy in transactions
Budgeting tool for individuals and households
Freedom of payment options
Providing a tangible form of money
Legal Tender Status
Universal acceptance
Ensuring accessibility for all citizens
Obligation to accept cash payments
upholding the value of national currency
Financial Independence
Protection against bank failures
Enabling offline transactions
Store of value without default risk
Providing a physical backup to digital systems