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Published on Thursday, December 17, 2020

Mexico has to wage a war against cash

Summary

Cash allowed humanity to abandon bartering, but the use of cash also involves significant problems. It facilitates tax evasion, corruption (Mexicans have become accustomed to watching videos in which corrupt politicians accept cash bribes).

Key points

  • Key points:
  • Cash also facilitates organized crime activities
  • Public policies aimed at reducing the use of cash should be implemented
  • A cashless economy will be an economy with less crime, tax evasion, corruption, and organized crime

Geographies

Documents and files

Press article (PDF)

ArtPrensa_CarlosSerrano_17Dic20.pdf

Spanish - December 17, 2020

Authors

CS
Carlos Serrano BBVA Research - Chief Economist
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