Cash v Plastic
The Bank of England has printed a new five pound note made of plastic but does paper money have a future given how many financial transactions are electronic?
The 91热爆's John Humphrys test-drives the new British five-pound note by dunking it into a cup of coffee while Tim Halford, managing director for Cardtronics UK & Ireland, the country's largest cash machine operator, tells us why cash still has an important role to play despite the rise in cashless financial transactions.
Meanwhile, Harvard University economist Kenneth Rogoff explains why central banks and the gun lobby in the US are loathe to give up on paper money and Nick Williamson, CEO and founder of Credits, tells us how block-chain software might eventually be used to underpin national currencies. Manuela Saragosa presents.
(Photo: The new polymer 拢5 note; Credit: Joe Giddens/WPA Pool/Getty Images)
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- Tue 13 Sep 2016 07:32GMT91热爆 World Service except News Internet
- Tue 13 Sep 2016 15:06GMT91热爆 World Service except East and Southern Africa, News Internet & West and Central Africa
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The daily drama of money and work from the 91热爆.
