Money Facts #12 – 92% Electronic “money” vs. 8% Physical “money”

Money Facts #12 – 92% Electronic “money” vs. 8% Physical “money”

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“People are earning and spending money without ever touching it. In fact, economists estimate that only 8 percent of the world’s currency exists as physical cash. The rest exists only on a computer hard drive, in electronic bank accounts around the world.”

Source

By today’s estimates, the balance is 95% electronic vs 5% physical “money”.


2 Comments on “Money Facts #12 – 92% Electronic “money” vs. 8% Physical “money””

  1. Sounds like work is done mostly online.

    • Hi Andrew, yes mostly it is a collection of online information and experience, the objective is to express complex themes into a simpler manner, the financial markets are so large (with more than 60,0000 instruments and counting) and so fascinating, I personally focus on currencies but its important to know as much as possible, thanks for your comment! Do you trade Andrew? Any experiences you would like to share? Hope to talk soon! Dimitri


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