Sunrise

Big Banks work on contingency plan for potential Armaguard failure


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To the cash emergency hitting our country with our top banks preparing for a potential cash crash. It comes as Australia's key money supplier, Armaguard, fights to stay afloat. Spearheaded by the Australian Banking Association the banks are now pulling together a contingency plan to make sure enough cold hard cash remains in circulation and is available to those who need it. Emergency talks are being held this week.

For more, the CEO of the Australian Banking Association Anna Bligh joins.

See omnystudio.com/listener for privacy information.

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