Cash is officially no longer king

The World

British banknote printer De La Rue says demand for cash has hit its lowest level in two decades. While many people still depend on banknotes for everyday transactions, in much of the world, even in remote, rural settings, cash is harder to find. Economist Kenneth Rogoff tells The World’s host Carolyn Beeler why he thinks that’s not necessarily a bad thing.

Will you support The World with a monthly donation?

There is no paywall on the story you just read because a community of dedicated listeners and readers have contributed to keep the global news you rely on free and accessible for all. Will you join the 226 donors who have supported The World so far? From now until Dec. 31, your gift will help us unlock a $67,000 match. Donate today to double your impact!