New Cash Record

The Reserve Bank of Australia reports today that a a new all-time record has been set, this week, for the amount of cash circulating in Australia.

 

The RBA issued an additional $175 million worth of bank notes last week to take the total value of Australian banknotes on issue to $104.094 billion, the first time the $104b mark has been eclipsed in Australia.

 

Australians are turning back to cash, the RBA data is clear, cash withdrawals are strong, the value of notes on issue is booming.

 

2025 is the year Australians said NO to the 'Cashless Society.'

 

The ABA and banks say that Australians don't want or need cash but these numbers tell a different story.

 

Australia lost 926 ATMs in total over the financial year to June 2024 and 8,326 in the last seven years. Banks have removed 217 bank-owned ATMs in the last 12 months and a staggering 8,338 bank-owned ATMs in seven years.

 

Cash Welcome is a campaign to protect our right to choose how we pay, backed by donations from consumers, business and the cash industry.

 

I have a petition that has attracted over 200,000 signatures

 

READ MORE: https://mailchi.mp/cashwelcome/new-all-time-cash-record