Suitcases of cash added to the mountains of loo paper and canned goods

Australians did not just hoard loo paper and tinned tomatoes as the coronavirus pandemic spread through the country last month – they started stockpiling cash.

"The Reserve Bank worked closely with the large banks and cash-in-transit companies to ensure branches had sufficient cash supplies. The elevated demand has since abated."The RBA said the coronavirus outbreak had put pressure on the entire financial system but it was holding up well. "These measures, along with the strong starting position of the banking system, increase the financial system's ability to absorb, rather than amplify, the effects of the pandemic."

It said businesses had gone into the pandemic with solid balance sheets and a strong ability to service debts because of falling interest rates.

swrighteconomy They really should have been hoarding bitcoin instead.

swrighteconomy Getting ready for the depression

swrighteconomy Idiots. You ever heard of Greece

swrighteconomy A bit dangerous leaving it at home 🏠

swrighteconomy Have any of these people ever seen dystopian movies? Cash is useless once society collapses.

swrighteconomy Which is ironic because nobody accepts cash these days

swrighteconomy Really? There is heaps of cash being printed as I type this. Trillions in fact. No shortage of cash that's for sure. Try buying a silver coin though - harder to get than toilet paper.

swrighteconomy

swrighteconomy 'along with the strong starting position of the banking system, increase the financial system's ability to absorb, rather than amplify, the effects of the pandemic.' How many showers did you have to take upon typing that steaming load of hot diarrhea into existence? Shameless

swrighteconomy For use as toilet paper?

swrighteconomy As long as they don’t mix the cash and toilet paper

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