After a few hours of contemplating which board to make this post on, I concluded that the local board would be the best place, since I can only identify this problem in my country. The term 'epidemic' seems to be a little harsh, but in situations like this, we have to use a tough term that best describes the problem.
While growing up, I never believed that the country would get to a state where the majority begins to buy cash with cash. Though I am not too conversant with economic terms, I think cash flow is basically part of a working economy. The agendas of those in authority trying to implement a cashless society are a total failure to me. The majority of our local traders who trade with our necessities (goods and services) won't be able to adapt to a cashless society soon.
Sadly, trillions of naira have been printed over the past 10 years, but that money isn't even in circulation. Banks, which are supposed to be the housing center of money, have become useless. The country's money is now sold on the local exchange or to those who hold POS machines around us. The black market price has become a normal and acceptable price in our country.
In conclusion, there is a solution to this problem, but sadly, there is no one to implement those solutions because the majority of those at the top are involved. What are your thoughts concerning cash scarcity and how bad has it affected you?.