Despite contactless payments, euro banknotes in circulation have risen from about €1 trillion in 2016 to €1.6 trillion as Europeans keep emergency cash ready for crises and cyber outages
- The European Central Bank (ECB) says the growing amount of cash being held, despite its declining use in daily transactions.
- (Representational photo)Despite the widespread use of contactless payments and smartphones across Europe, people are keeping more physical cash.
- The value of euro banknotes in circulation has increased sharply in recent years, as fears over war, cyber-attacks and other emergencies grow.
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- The European Central Bank (ECB) says the growing amount of cash being held, despite its declining use in daily transactions.
- (Representational photo)Despite the widespread use of contactless payments and smartphones across Europe, people are keeping more physical cash.
- The value of euro banknotes in circulation has increased sharply in recent years, as fears over war, cyber-attacks and other emergencies grow.
Sources: Times of India