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Cash is passé! We thought so too. But than we had quick look at the data, got some quick learnings and found a twist or two in the tale.
While the Currency in Circulation (CIC) as a % of GDP is a good indicator, it has its own limitations. Overall Cash in the economies, the world over, has been increasing. And of course, the per capita cash holding numbers is another story altogether.
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Disclaimer: The opinions expressed here are those of the author and do not reflect the views of FrankBanker.com
