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…
