Australia's banknotes are disappearing into drug deals, the black market and hoarders: RBA

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The RBA set out to track down where $76 billion of outstanding banknote arr, and found 8 per cent are in criminals' hands.

 

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Because no one trusts the banks!

So we may as well take your 'RIGHT to Cash' away then? - YELLOW JACKETS if you do. You might have gotten away with it 10yrs ago. The World is changing. People are waking up to this Corrupt system - Fast. MEDIA - Enemy of the People.

DEAR ABC PLEASE stop the 'sensational' reporting.... 92% of all cash ISN'T in the hands of criminals... so it ISN'T a problem, is it.

No mention of a casino, a legal laundry

For this to be accurate the survey would need to know exactly how much money is stashed away or in wallets just waiting for the electronic failures that rely on electricity to occur.

Cashless society propaganda

Makes sense... haven't met a drug dealer yet who takes eftpos

Simple...... Make it illegal for any cash transaction $50. Only electronic bank transfer for transactions $50 attracting full GST Individual only withdraw $500 cash/wk ABN Shop owners can deposit cash $50 attracting full GST Goodbye cash economy, black markets & crimes

Well if they started making thousands, I wouldn't have to hoard all the fifties!

I wonder how MattCowgill feels about this single units, dual axis scale graph.

Let me guess. Vested interests are again renewing their call to withdraw large note denominations, with a view to a complete transition to cashless.?

here we go, the anti-cash narrative (for more government scrutiny and control)....ohhhh drug lords use cash = cash bad.....News from the PRIVATELY OWNED NOT AT ALL FEDERAL RESERVE BAANK OF AUSTRALIA.

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