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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

    Authors

    Carlos Serrano BBVA Research - Chief Economist

    Documents and files

    Press article (PDF)

    ArtPrensa_CarlosSerrano_17Dic20.pdf

    Spanish - December 17, 2020

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