About Australia / Money

Is your mattress stuffed?

Keeping your hoard of cash under the mattress may not be such a good idea. Are you in favour of a cashless society? Your government is colluding to remove $100 bills from circulation. The cashless society is again firmly in the governments cross hairs. Alan Kohler wrote an opinion piece in the Australian Business Review advocating for this to happen. Kohler’s view is that Australia should follow India’s lead where the government of Narendra Modi proclaimed the immediate withdrawal of 1,000 and 500 rupee notes from circulation, effective immediately – they were no longer legal tender. The ban removed