Citi Economist Says It Might Be Time to Abolish Cash

The world’s central banks have a problem.When economic conditions worsen, they react by reducing interest rates in order to stimulate the economy. But, as has happened across the world in recent years, there comes a point where those central banks run out of room to cut — they can bring interest rates to zero, but reducing them further below that is fraught with problems, the biggest of which is cash in the economy.

Read More: Citi Economist Says It Might Be Time to Abolish Cash – Bloomberg Business.

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