Australia Post Spending $4,000 per Week to Keep Cash Flowing in Remote Town

Published on February 13, 2024

Australia’s national postal service is spending $4,000 per week to fly cash into the remote mining town of Coober Pedy to keep hard currency circulating in the community. Australia Post CEO Paul Graham had previously revealed the company would back the ongoing use of cash—as bank branches close in regional areas—but noted that this was not a sustainable solution. “Where we are the only banking service in town, we will work with that community to ensure that the basic services are provided, but it will become increasingly difficult … in terms of finding people to actually work in those places,” Mr. Graham told the Senate, Environment and Communications Legislation Committee on Feb. 13....

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