Three Reasons Why Cash Use Is Increasing in Europe - How Many Banknotes Are in Circulation, What Applies in Greece
5 Articles
5 Articles
While cash plays a secondary role in relation to contactless payments, in many cities in Europe, the amount in circulation is actually increasing. The post Three reasons why cash use is increasing in Europe – How many banknotes are in circulation, what applies in Greece appeared first on in.gr.
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 value of euro banknotes in circulation has risen from about €1 trillion in 2016 to €1.6 trillion in June 2026, despite the growing use of contactless payments. Experts say concerns over wars, wildfires, floods, storms and cyber-attacks are prompting Europeans to keep emergency cash at home in case digital payment systems fail.
More than 31 million euro banknotes are in circulation, compared to 24 million shortly before the Frank Hoermann/SVEN SIMON/IMAGO pandemic via DW European Central Bank (ECB) data reveal that the number of euro banknotes in circulation in the European Union (EU) is increasing, despite the growing spread of electronic payments among Europeans. Specialists associate the increase in the use of live money with anxiety about wars and the increased occ…
Europeans are increasingly using cash for shopping, but paradoxically, the value of euro banknotes in circulation has reached a new record.
We are paying less and less in cash at European level, but the value of euro banknotes in circulation has reached a new record.
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