Post
Topic
Board Economics
Re: How much longer until paper money is no longer in circulation?
by
wmaurik
on 16/02/2023, 14:14:51 UTC
In my place where I live in a small village is currently starting to use a card to purchase fertilizers, and various farms equipment. Whether it is the government's move as a new technology or the government's move to reduce the purchase of chemical farming equipment, I don't know the details. But what is clear is that residents have been introduced to digital transactions. However, I agree that paper money may not be eliminated by the government because of transactions in traditional markets, and transactions with small amounts will certainly be easier to use paper money.
Maybe it is a kind of assistance card for people who are less well off in terms of buying fertilizer, because the government is really obliged to help people in terms of agriculture for the welfare of the economy of people in rural areas. So it's more about community data related to aid even though it looks like digital.

And if you look at the level of progress in urban areas and in rural areas in a country, it is clear that banknotes will be more easily lost in urban areas because the average person in the city now uses cards from banks more often when shopping.