Post
Topic
Board Economics
Re: Could a country survive and maintain economic stability if it phased out cash?
by
olushakes
on 21/07/2017, 15:15:42 UTC

If a country entirely phased out cash and replaced it with digital currency would it become destabilized?

I feel yes stability will be maintained because for a country to phase out an existing system to adopt a completely new mechanism then series of infrastructures would have to be put in place which would include a regulatory body to match the demand with supply and in this case if we have a fully digitised currency economy, its continuous rise will mean a doom for the country if its not matched with corresponding production and that's what the country will have to ensure through regulations before adopting it.