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RE: The War On Cash Goes Nuclear In India, Australia and Across The World
I agree did not see your reply before i posted mine citi is a bad source. Do they even have the savings protection that the Australian banks have from the government on personal savings if the bank goes under.
That's a good question about the savings protection. I don't know if they do or not, although my guess is it would apply to them, as part of the official banking system. But they represent a tiny fraction of the market - perhaps less than 1%. Mostly they just solicit credit card customers, which would explain why their customers don't deal in cash.
Ok cheers