Sections

Why cash is needed





Why cash is needed
Almost everywhere you go now, stores and restaurants are displaying signs that read something along the lines of not being able to give change due to a nation-wide coin shortage.

On June 11, the Federal Reserve issued a statement announcing coin rationing would begin June 15 because of measures they are placing to protect their employees during the COVID-19 pandemic.

The announcement stated: “Consequently, effective Monday, June 15, Reserve Banks and Federal Reserve coin distribution locations began allocating coin inventories. To ensure a fair and equitable distribution of existing coin inventory to all depository institutions, effective June 15, the Federal Reserve Banks and their coin distribution locations began to allocate available supplies of pennies, nickels, dimes, and quarters to depository institutions as a temporary measure.

Read more



Go Further
1 2 3 4








The cashless society from an ethical point of view

The debate about the move towards a cashless society has been at the center of the scene for several years, now. Various angles have been taken by economists, politicians, banking institutions and sociologists. Beyond the technicalities of the debate, lies the question of freedom, of inter-citizen solidarity and of governmental responsibility. The debate cannot remain in the hands of financial specialists, it is first and foremost an ethical, political and societal issue.

The cashless society from an ethical point of view