COVID-19 has highlighted the relationship between the uncertainties of reality and our reliance on cash.
MELBOURNE, VIC, AUSTRALIA, May 21, 2021 /EINPresswire.com/ — The value of bank notes has risen dramatically since the start of COVID-19.
The COVID-19 Pandemic has had a significant influence on the world economy and how businesses have functioned in order to survive. One may be forgiven for believing that the value of currency in circulation would have declined considerably during this period (due to the necessity for sanitary and therefore cashless transactions) – RollsPack provides cash handling packaging that presents indicators when tampered with (Tamper-Evident Technology both in Australia and in the USA) which may assist in preventing cash contamination. The fact, however, is that the reverse has occurred. According to the RBA (Reserve Bank of Australia), the arrival of COVID-19 significantly increased the value of the physical banknotes in circulation. This is consistent with previous periods of economic uncertainty, when individuals sought to hoard cash as a precautionary store of wealth. This tendency was seen not just in Australia, but also in many other nations such as Japan,…