The International Monetary Fund (IMF) classifies Malaysia in a category with no explicitly-stated nominal anchor but rather monitors various indicators in conducting monetary policy. All central banks, with the exception of those in Malaysia and Singapore, provide numerical inflation targets. China sets an inflation target for each year in approximately March of the relevant year, with the target for 2014 being 3.5 percent.
Americans are strongly attached to checks and use of credit cards, debit cards and the ACH is growing rapidly. Even cash is still widely used for small transactions, though less so than in other countries. A major hurdle for the electronic money products is the network problem. If most merchants do not accept stored-value products, most consumers will not bother with stored-value cards.