australia cash out day

Australians are clinging to cash as usage rises despite fears that physical tender could cease to exists in the years to come. New RBA survey data shows the key role cash still plays in society. According to RBA report authors Kieran MacGibbon, Michelle Royters and Faye Wang, more than a third of Australians surveyed said they would face hardship or major inconvenience if they could not use cash. “Those who used cash more frequently for transactions were more likely to report that they would be adversely affected if cash was not readily accessible and accepted,” the report said. “Over 70 per c