As a result, many migrant workers turn to cash-based or informal methods of sending cash home.

Source: https://techcrunch.com/2023/09/04/myzoi/

By contrast, virtually all Nigerian purchases are cash-based.

Source: https://www.opinionnigeria.com/expected-exchange-rate-after-n1000-by-dele-sobowale/

Nigeria’s economy is largely cash-based because electronic payments and digital transfers take hours due to electricity outages and poor internet connectivity and rural areas have few or no bank branches.

Source: https://foreignpolicy.com/2023/02/22/african-union-summit-israel-palestine-diplomat/

So, did the Modi government achieve its three declared objectives of unearthing unaccounted money, hurting terror funding by eliminating counterfeit currency notes, and reducing cash-based transactions, with the demonetization exercise?

Source: https://thediplomat.com/2023/06/the-short-life-of-indias-2000-rupee-note/

Stock prices and returns are in part a function of the cash-based sources of intrinsic value: net cash on the balance sheet and future expectations of free cash flow.

Source: https://seekingalpha.com/article/4656983-salesforce-is-about-fairly-valued-these-days?source=feed_all_articles

The Nigerian economy as we all know is traditionally cash-based despite visible risks and cumbersomeness.

Source: https://promptnewsonline.com/enaira-advocacy-gains-momentum-by-ademola-oyetunji/?utm_source=rss&utm_medium=rss&utm_campaign=enaira-advocacy-gains-momentum-by-ademola-oyetunji