The Popular Parliamentary Group has presented a motion in the Senate "in favor of considering the positive effects on girls and boys of maintaining cash in the global economy."

The Popular Party senator Esther Basilia del Brío has submitted a motion in the Senate urging the Government to "be proactive in defending the permanence of cash, also considering the best financial education and inclusion for our children in the future by incorporating this issue into the agenda for developing plans and programs related to the preservation of cash being carried out in Spain and Europe with a view to preserving cash."

In the motion, the Popular Party refers to the "allowance" that boys and girls "start receiving" and how these "first transactions" allow them to understand the role of money in the economy. "Moreover, it reduces impulsive buying, avoids the conception of cost or expense as something abstract, and encourages interaction with family and other economic agents, which immerses them in the economic reality and enhances their understanding."

The Popular Party also emphasizes the need to include this topic in the Financial Education Plans that the Government coordinates with the Bank of Spain, CNMV, and the General Directorate of Insurance.

PEDAGOGICAL BENEFITS

The use of coins and bills at an early age plays "a fundamental role in learning mathematics, as it allows for the practice of numerical comprehension and calculation operations." But the virtues of handling or using coins and bills go even further. In fact, a small purchase involves multiple cognitive, psychomotor, and emotional processes, of which we list a few," explains the text.

The motion from the Popular Party, which will be debated in the Senate's Committee on Economy, Trade, and Business, lists the pedagogical benefits that using cash provides to minors: logical reasoning, decision-making, social interaction, self-confidence from feeling capable of handling money, and managing frustration when facing difficulties.

Source: La Vanguardia