Aussies are returning to cash
New data from the Reserve Bank of Australia shows Australians are increasingly choosing to use cash. 30.2 million ATM cash withdrawals were made in Australia during January 2024 (not including EFTPOS cash-outs and over-the-counter bank transactions), up by almost half a million (1.6%) from December 2023.
This is big and significant jump in the number of cash withdrawals. It’s now clear that many Australians are clearly choosing to return to using cash. Everyone is concerned about their privacy, their safety from online scams and the uncertainty caused by regular payment system outages.
The increasing number of cash withdrawals is being made at a decreasing number of bank-owned ATMs, contradicting the commonly repeated bank claim that branches and ATM closures are caused by changing consumer demands.
Ireland is the latest nation to move to protect their citizens’ right to access and use cash.
Australia must also protect the role of cash in our economy.
Our petition is working. Every week I am talking to TV, radio and print media about our right to choose cash to pay for the goods and services we need to live.
BUT I don’t believe that ONLY 164,000 people also want the right to use and access cash legislated in Australia. We have to spread the word and get more signatures so we can’t be ignored.
https://www.change.org/BankingAndCashGuarantee
Cash Welcome is a campaign started by Jason Bryce and supported by donations from the public and business.
Thanks,
Jason
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Wisenox
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The people should always have tangible assets as currency.
CBDC is enslavement.
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Tom
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Everyone should move to cash. I am tired of having my debit and credit cards defrauded.
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