Cash ban hearings: RBA dismisses concern over being trapped in negative interest rates

The Reserve Bank testifies in support on the cash ban and dismisses opponents’ concerns but admits that percentage of cash used in “black economy” is small.

Reserve Bank of Australia
Mr Anthony Richards, Head of Payments Policy
Mr Richard Finlay, Senior Manager, Analysis and Policy, Note Issue Department

THE SENATE - ECONOMICS LEGISLATION COMMITTEE
Currency (Restrictions on the Use of Cash) Bill 2019 [Provisions]
PUBLIC HEARING
Thursday 12 December 2019
Committee Room 2S1 - Parliament House, Canberra
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