In the 12 months to the end of November,the number of personal cheques drawn in Australia fell by 27 per cent while commercial cheques were down by 30 per cent.
The Morrison government has in effect killed a proposal from its own black economy taskforce to ban the use more than $10,000 in cash for any purchases.
Cashless Apple Pay and Samsung Pay are gaining ground as payment methods of choice,as users embrace digital-wallet phone transactions in record numbers.
Toilet paper and canned food aren't the only items Australians have been hoarding during the pandemic - $50 notes have also been in demand.
It’s becoming clear that the easing of restrictions does not mean the end of either the health or economic crisis,and it may take many years for life to return to normal.
Those on the lowest incomes usually bear the brunt of recessions and we must seek to stop it happening again.
It wasn't just loo paper that was hoarded as the coronavirus spread. The RBA says people started stockpiling cash.
Funeral parlous and ethnic communities will be significantly affected by a ban on cash purchases over $10,000,a Senate report has found.
A controversial bill to ban cash payments over $10,000 is poised to pass Federal Parliament despite bitter divisions within both major parties.
A political backlash is threatening to halt a Morrison government plan to outlaw cash payments over $10,000.
When the power goes off and mobile networks go down,your smartphone is suddenly useless and access to some real money becomes imperative