{'fraction_non_alphanumeric': 0.01804123711340206, 'fraction_numerical': 0.0, 'mean_word_length': 5.166666666666667, 'pattern_counts': {'":': 0, '<': 0, '<?xml version=': 0, '>': 0, 'https://': 0, 'lorem ipsum': 0, 'www.': 0, 'xml': 0}, 'pii_count': 0, 'substrings_counts': 0, 'word_list_counts': {'cursed_substrings.json': 0, 'profanity_word_list.json': 0, 'sexual_word_list.json': 0, 'zh_pornsignals.json': 0}}
Doing Away with Anonymous Money: Gains and Losses of Canadian Governments from Elimination of Banknotes and Coins

Technology today permits all payments to be made electronically. As a result, the economy can easily function without currency and coins. This paper shows the consequences of eliminating these media of exchange. A cost-benefit analysis of elimination of coins and currency shows that all levels of government gain from such an action. Even the issuers of coins and currency will gain from their elimination despite the loss of seigniorage. Benefits accrue from shrinkage of the underground economy and the reduction of crime, especially involving illicit drugs. Calculations are based on three levels of government in Canada, federal, provincial, and municipal.