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To the Economic and International Affairs Scrutiny Panel,
I am writing to inform you of my reasons why I demand the continued use of cash. Please see below:
- Cash is universally accepted and no need for inconsistent or potentially failing technology and electronic infrastructure
- Cash eliminates the risk of identity theft or data leaks which has recently been a problem in Jersey
- Cash is legal tender and it is our right to use cash when we want.
- Cash minimizes risks associated with cyber fraud and hacking.
- Cash helps small and local businesses avoid high transaction fees and delays associated with digital payments.
- Cash allows individuals to physically manage their money, making budgeting and controlling spending easier.
- Cash provides a dependable payment option during power outages, system failures, or in areas with limited digital infrastructure.
- Cash supports the right of individuals to choose their preferred method of payment.
- Cash offers a straightforward, easy-to-understand method of transaction that doesn't rely on devices or technology.
- Cash is universally accepted and does not require technical literacy or access to technology.
- Cash preserves traditional practices and trust associated with physical
currency.
- Cash can be quicker for small, everyday purchases, avoiding delays from card processing or system lag.
- A cashless society would mean no more tooth fairy or piggy banks.
- I want to be able to give my children cash pocket money particularly as it gives them the value of money and helps them learn to count.
- I want to be able to give cash in birthday cards as gifts.
- I still want the ability to buy and sell second hand goods from other individuals
- I like to make cash donations in person to hungry or perhaps homeless people so they can instantly buy food and drink.
- I want to ensure that all individuals, including those without access to banking services, can participate in the economy.
- I don't want any price increases from retail outlets that are asked to pay for card processing machines.
- All individuals have the inalienable right to privacy and we can only have that using cash.
- I prefer using cash as it has been part of my culture and traditions for centuries.
- I do not want CBDC's as this will be traceable, can be restricted, another entity will have control over my sweat money and even accidental restrictions could cause problems.
- Data is the most valuable currency these days and I don't want my personal data getting into the wrong hands.
If you would like more information, please do not hesitate to contact me. Kind regards
Agnieszka Zdzienicka