Argument: Bank of England cut the number of banknotes issued by 25 per cent between year 2001 and 2005. Due to the increase of e-commerce and the development of smartcards, the need for cash will continue to decrease, and finally be removed in year 2040.

Questions: What complications might occur if you remove banknotes and coins from a market? What necessary steps have to be taken to make it possible to take them out of circulation?

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