0210 GMT March 02, 2021
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It is known throughout the world as a byword for security. But the Bank of England (BoE) is evidently a tad unclear on the whereabouts of £50b of banknotes, and it doesn’t seem to be overly concerned about it, a powerful group of MPs has said.
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Cash apocalypse looming?
The reason why is somewhat ironic — the world’s largest banknote provider is running out of money.
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By Afua Hirsch*
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India's government is expected to ramp up spending in its latest budget this week, seeking to ease the pain from a ban on high-value banknotes that slammed the brakes on the world's fastest-growing major economy.
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