The Bank for International

December 2025 › Forums › General discussion › 100% reserve banking › The Bank for International

March 12, 2018 at 11:59 pm #87046
alanjjohnstone
Keymaster

The Bank for International Settlements (BIS) said in its latest report that the amount of cash in circulation actually rose from 7 per cent of global GDP in 2000 to 9 per cent in 2016. “The resilience of cash as a social institution reminds us of the importance of understanding the economic functions of money, beyond just the innovations in technology,” he added.http://www.independent.co.uk/news/business/news/cash-not-dying-cryptocurrency-rise-contactless-payment-credit-cards-bank-for-international-a8252096.html