For those of us who prefer cash, we can only keep clinging to our greenback habits as long as we're able. Once that opportunity passes, what then? Only time will tell.
By January 2024, the nation's fifth largest bank, Macquarie Bank, aims to have shifted away from using check and phone payments in addition to cash in branches.
'I have long counted on your leadership in ensuring multistakeholder efforts remain focused on results that are more equitable, sustainable and just,' WEF leader Klaus Schwab wrote to Canada's Chrystia Freeland.
Australia's top four banks have removed over-the-counter cash withdrawals, sparking fears that the nation is close to rolling out a Central Bank Digital Currency.
'I’m hoping to build a very large database of cases to find out which banks are the worst offenders and what the commonest reasons are, so that we can prepare and present a lobby to ministers, and to Parliament, in order to achieve fundamental change.'
After having his bank accounts closed and a total of nine banks turning him away, Farage said, 'The ultimate fear is if we get CBDCs (Central Bank Digital Currencies), we could finish up like the Canadian truckers – people who were within the law, found themselves outside the law, and had their bank accounts frozen. Controlling people’s money would be the ultimate form of tyranny.'