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All articles tagged with #cash

India’s cash comeback: why notes rise even as digital payments surge
business25 days ago

India’s cash comeback: why notes rise even as digital payments surge

India’s currency in circulation is growing at double-digit rates even as UPI-based digital payments surge toward a billion transactions a day, a phenomenon experts call the 'cash paradox.' The RBI’s stock of about 176 billion banknotes, with tens of billions printed annually and a large distribution network, underscores cash’s enduring roles as store of value and hedge against system failures, as well as its use in small, private, or unrecorded transactions. Factors like demonetisation’s long tail, demand for privacy, rural access, and the cost of maintaining cash infrastructure help explain why cash remains vital even as digital payments expand. Policymakers face the challenge of balancing investment in cash handling with promoting digital adoption, and innovations like polymer notes could reduce replacement costs.

via BBC|
#business#cash#demonetisation
Pritzker Signs Cash Acceptance and Jury-Duty Pay Bills Among 87 New Illinois Laws
citywide2 months ago

Pritzker Signs Cash Acceptance and Jury-Duty Pay Bills Among 87 New Illinois Laws

Governor JB Pritzker signed 87 bills, including a cash-acceptance requirement for most retailers on purchases under $500 with exemptions and a mandate for employers to pay employees their full jury-duty wage (with a 25-employee exemption). The package also covers CPR training updates, higher-education reporting transparency, new human-trafficking resources at rest stops, airport noise studies, and ambulance transport rules for mental-health cases.

via Block Club Chicago|
#cash#citywide#illinois
Cash Returns as Russia's Wartime Economy Slows
world2 months ago

Cash Returns as Russia's Wartime Economy Slows

Russians are pulling more cash from circulation as mobile internet shutdowns disrupt card payments and a slowing economy squeezes finances. The government has raised VAT to 22% and tightened thresholds for SMEs, pushing some firms to operate in the shadows and making tax collection harder while banks still attract deposits with high interest; a surge in cash use—including transfers to under-the-table wages—reflects a desire for a financial buffer amid uncertainty and wartime pressures.

via Yahoo Finance|
#cash#economy#russia
Russia leans on cash as digital payments falter and wartime taxes bite
world2 months ago

Russia leans on cash as digital payments falter and wartime taxes bite

Russians are turning to cash as mobile internet shutdowns disrupt card payments amid wartime economic pressure, adding 1.56 trillion roubles to cash in circulation since January—the biggest rise for a year outside Covid—while tax collection tightens and VAT rises squeeze firms; many businesses push customers to pay in cash to stay under VAT thresholds, and some wages are paid “in envelopes,” complicating state revenue and funding for the war despite a slowing economy and higher oil prices.

via BBC|
#cash#economy#russia
Bond King Gundlach bets on cash and gold as 2026 rate cuts fade
business5 months ago

Bond King Gundlach bets on cash and gold as 2026 rate cuts fade

Jeff Gundlach, the 'Bond King' and DoubleLine Capital CIO, recommends a portfolio with about 20% cash and 20% real assets (including commodities and gold) as he expects no Fed rate cuts in 2026; he warns that stocks look pricey given upside risk to rates and advises avoiding risk assets until rate paths become clearer, noting gold could be bought aggressively if it falls below $3,500/oz and that gold trades around $4,750/oz today.

via Business Insider|
#business#cash#commodities
New York retailers face statewide cash mandate starting March 21
business6 months ago

New York retailers face statewide cash mandate starting March 21

New York’s new law requires all food stores and retail establishments statewide to accept cash and bans charging extra for cash payments, effective March 21. There are exceptions: cash is not required for bills over $20, and in-person transactions only; retailers may offer to convert cash to a prepaid card but cannot charge a fee or require loading more than $1. Violations can incur fines up to $1,000 for a first offense and $1,500 for subsequent offenses, as the state aims to protect access to essentials for unbanked residents.

via Newsday|
#business#cash#cash-acceptance
New York mandates cash acceptance for retailers starting in 2026
law6 months ago

New York mandates cash acceptance for retailers starting in 2026

New York will require stores to accept cash starting March 21, 2026, banning cashless policies or charging higher prices for cash transactions; violations can incur civil penalties up to $1,000 for a first offense and $1,500 for each subsequent offense. There are exceptions, including denominations over $20, remote/online orders not placed in-store, and cash-to-prepaid-card devices (which may not charge fees or require minimum loads above $1). Enforcement is by the Office of the Attorney General, and complaints can be filed at 1-800-771-7755.

via WGRZ|
#cash#cashless#consumer-rights
Switzerland codifies cash as a constitutional right after nationwide vote
world7 months ago

Switzerland codifies cash as a constitutional right after nationwide vote

Voters in Switzerland approved a constitutional amendment guaranteeing the right to use cash (franc banknotes and coins), with 73.4% in favor. The move, championed by the Swiss Freedom Movement, aligns Switzerland with Hungary, Slovakia and Slovenia in protecting cash as a legal right, amid a broader push toward digital payments. Cash usage in Switzerland has fallen over the years, but supporters say access to cash should be safeguarded.

via politico.eu|
#cash#constitution#digital-payments
Apple and Berkshire Hathaway: A Twin-Pillar Bet for 2026 and Beyond
investing8 months ago

Apple and Berkshire Hathaway: A Twin-Pillar Bet for 2026 and Beyond

An investor argues that Apple and Berkshire Hathaway remain the top buys for 2026: Apple’s strong Q1 showing driven by 23% year‑over‑year iPhone revenue growth and its high‑margin services, paired with Berkshire’s massive $378 billion cash hoard and diversified asset base, create a complementary, defensive‑growth duo that can weather AI hype and regulatory risks while providing capital allocation flexibility.

via The Motley Fool|
#apple#berkshire-hathaway#cash