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Cash won’t be going the way of the dinosaur anytime soon, according to a new study by the ATM Industry Association.

Using data from annual reports and financial statements of central banks in 30 advanced and developing countries, the study found an average 8.9% year-over-year growth in currency in circulation from 2009 to 2013. Currency circulation grew 7.5% in the United States during that period, according to the study. Brazil, Russia, India, China and South Africa all posted currency growth rates over 10%. Currency circulation grew 6% in the United Kingdom.

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Tina Orem


Credit Union Times

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