What needs to be monitored specific to a cash programme?

Monitoring involves collecting and analysing programme information on a routine basis in order to track progress against plans and check compliance with established standards.
Monitoring the programme will include: distribution and encashment such as how the process has been conducted and whether or not beneficiaries have timely received the correct amount of cash/vouchers, how the cash/vouchers were spent as well did they receive the right quantity and quality of commodities. It is also important to monitor the market not just cash but all relief interventions. It is important to monitor if the purchasing power has changed and if the market is able to provide the relief items the beneficiaries need. It is also important to foresee changes in market behaviour, so as to adapt the programme accordingly before the beneficiary population is affected.
In the case of cash transfer programming, market monitoring, particularly price and traders monitoring, should happen more regularly, because cash transfers can affect and be affected by markets, or have multiplier effects on the local economy. Monitoring prices can help understand whether the project is reaching the expected objectives without causing harm. Monitoring traders can help detect supply-side problems, as well as potential effects of the programme on the market. When entitlements are impacted by price changes, a decision must be taken on whether and how to respond. The capacity of the organization to respond to price changes will depend on the existence of contingency plans and budget.