Loading ...CASH IS KING
PHYSICAL CASH IS ESSENTIAL TO A ROBUST, STABLE ECONOMY
Physical Cash in circulation in large quantities is essential to adequate money velocity in an economy and is also critical to economic stability.
Cash is the people’s money, issued (usually) by the Sovereign Treasury (not by the central bank or the banking system) in response to demand from the real economy of goods and services. The banking system distributes it to meet demand and collects it when cash recalls are in place (to replace old notes and coins with new ones). Physical Cash is non interest bearing, a buffer against credit money dominance, anonymous in usage, perfectly fungible and a natural buffer against CPI inflation and Asset Price inflation.
FROM BOOM FINANCIAL
THE REST OF THIS TERIFFIC AND VERY ENCOURAGING PIECE IS POSTED IN THE COMMENTS SECTION
In modern advanced economies, Asset Price inflation is largely triggered by imprudent, excessive private credit money creation (bank loans and margin accounts). This also contributes to CPI Inflation. However, imprudent, excessive government expenditures based upon imprudent, excessive sovereign Bond issuance also contributes significantly to CPI inflation, especially if it is rapidly increased in speed and volume inside one calendar year.
Unfortunately, physical cash is now a very small component of the money supply in advanced economies world wide (2 – 3 %). Thus, we are faced with a seemingly never ending crisis of excessive Asset Price inflation (especially in regard to house prices) and troublesome levels of CPI inflation. So — readers can see clearly that the Bankers and the Politicians are at the centre of the problem.
All of this stems from a political class that simply does NOT understand the important role of physical cash. They have all heard of Weimar Germany where the excessive, imprudent printing of cash was associated with a severe Hyperinflation event. But we are now very far removed from the 1920’s in economic terms. Our financial systems are far more sophisticated and excessive physical cash in circulation is nothing but a fantasy. And Hyperinflation simply cannot occur if there is no alternative currency in circulation. Why? Because Hyperinflation events are ALWAYS currency collapse events where The People switch to a readily available alternative currency — which generates a simultaneous Hyper- Deflation event.
IRELAND HAS TAKEN ACTION ON CASH AVAILABILITY AND USAGE
Ireland has formally switched on one of Europe’s strongest protections for cash. From late November 2025, financial institutions are now required by Law to ensure that every community has an ATM or cash service point within 10 km.
The order, signed by Minister for Finance Simon Harris, activates legislation passed earlier this year and puts clear responsibility on banks to maintain physical access to cash money across the country.
Reference Source: Cash Matters https://www.cashmatters.org/
What the Law Actually Requires
The rules are straightforward:
Banks must provide cash access points within a 10km radius of most homes and businesses.
Coverage can be delivered through traditional ATMs or designated cash service points.
Compliance will be monitored by the Central Bank, following its nationwide mapping of ATM availability.
This closes the final administrative loop and turns a policy aspiration into an enforceable obligation.
Why This Matters for Everyday Life
Branch closures over the past decade have pushed rural communities to the edge—sometimes leaving the nearest cashpoint an entire county away. The new law anchors cash as a public utility rather than a convenience that disappears when commercial priorities shift.
How Banks Will Deliver
Banks have flexibility in how they meet the standard. They can:
Maintain or upgrade existing ATMs
Install new machines in underserved areas
Create shared cash hubs
Partner with independent cash-handling providers
What matters is not the format but the guarantee. Nobody should have to travel unreasonable distances just to access their own money.
Where the Impact Will Be Felt
The most meaningful change will be seen in rural towns and village centres hit hardest by branch withdrawals. Small businesses that rely on cash lodgements, elderly people who avoid digital payments, and households that budget physically will now have a dependable point of access.
For many, this is more than convenience. It is the restoration of control, dignity, and autonomy in everyday financial life.
Part of a Wider European Shift — Cash Access Enshrined in Law
Ireland’s decision joins a growing list of European states—Slovenia, France, the UK, Sweden, Norway, Finland—enshrining cash access in law. The message is clear: cash remains essential to resilience, inclusion, and democratic participation, even as digital options expand.
What It Means Going Forward
By turning access to cash into a legal right, Ireland recognises that financial systems must serve everyone, not just those comfortable with digital tools. This is a step toward a more balanced payments landscape—one where consumer choice, security, and local economies remain protected.
CASH MATTERS
Cash Matters is a global platform, supported by the International Currency Association (ICA), dedicated to promoting the role and relevance of cash as an essential part of the payment landscape, both now and in the future.
Since its launch in 2017, Cash Matters has actively advocated for the continued use of cash among a broad range of stakeholders, including industry representatives, policymakers, central banks, NGOs, and the general public.
Cash Matters highlights the importance of cash as a foundation of democracy, personal freedom, and independence. It works in close cooperation with other organizations in the cash sector to maximize its global reach and impact.
Cash is a Strategic National Asset
In 2025, crises did what innovation optimism could not. They forced governments to confront the fragility of digital-only payments. Cash is not just legacy money. It is critical national infrastructure. From constitutional protections in Europe to emergency planning in disaster prone states, cash is returning to the centre of policy thinking.
Governments must protect Cash availability and its General Acceptance.
THE INTERNATIONAL CURRENCY ASSOCIATION
The International Currency Association is the voice of the global currency industry. It promotes cash as a vital, secure, and inclusive payment method that is essential for society.
The EU Parliament isued a report last November 2025 Titled “Draft Report on the proposal for a regulation of the European Parliament and of the Council on the legal tender of euro banknotes and coins.”
ICA Director General, Frane Maroevi? commented on the report:
“Cash isn’t just another way to pay. In times of crisis, when cards, electricity, or the internet fail, cash works. It works for everyone, everywhere, without the need for ID, a bank account, or sharing your private data with countless companies. It is a pillar of inclusion, privacy, freedom and resilience.”
The Report issued the following proposals:
Acceptance of euro banknotes and coins at all retail and service locations, prohibiting “card only” or “no cash” policies unless both customer and business genuinely agree.
Clear obligations for Member States to guarantee cash access for everyone, everywhere, including rural and remote areas, through ongoing monitoring and rapid fixes wherever access falls short.
Explicit recognition of cash’s unique role for the elderly, the unbanked, vulnerable groups, and anyone who values privacy and control over their spending.
The ICA calls on EU institutions to:
Adopt strong enforcement so that unlawful cash refusal is stamped out.
Champion best European and global practices, including constitutional guarantees and practical measures to keep cash available and accessible to all Europeans.
Promote cash’s unparalleled role for privacy, inclusion, and economic resilience, securing its place for future generations.
The ICA is ready to work with the Commission, Parliament, and Council to make this vision a reality. Protecting cash means protecting choice, for everyone, everywhere.
Cash as a Strategic National Asset This is a story about ensuring societies still function when technology fails.
Further Information on Cash:
International Currency association: https://currencyassociation.org/
Podcast: https://www.cashmatters.org/blog/cash-is-a-strategic-national-asset
Also here: https://soundcloud.com/cashmatters-816319699/cash-is-a-strategic-national
Why Cash Matters: https://www.cashmatters.org/why-cash-matters-top-20-reasons-for-the-popularity-and-relevance-of-cash
Key Facts: https://www.cashmatters.org/blog?types=key-facts
Excellent reading and so essential. If we can get this message out to the community at large then the entire premise behind a CBDC where cash gets eliminated is itself collapsed. There cannot be a pure cashless society or an ability of any super authority to control every aspect of our lives leveraged to their control over our finances if cash remains alive. CBDC may even be pointless as social management tools in that case. Ring the bell. The antidote to the Davos egg heads who seek God like positions over humanity by their digital management systems can now be rolled out with simplicity for anyone to understand. We must defend cash at all costs. That is what makes digital ID and CBDC’s less authoritarian and less potent.
Hear Hear