Moving cash around by companies like Armaguard was already expensive. But the dramatic fall in cash usage has further increased the unit cost of this process.
Like physical branches, paper bills, statements, letters and cheques once put in the mail, the increasingly parlous state of cash in Australia has again come into full public display.
A March 2021 RBA report found from March 2020 to February 2021, the value of banknotes in circulation rose 17.1% to $97.3 billion because people were holding onto money at home.
