Jump to content

Europe's cash addiction drives banknote demand


Recommended Posts

Euro notes have become the world's favourite form of cash because of Europeans' financial habits rather than international demand for the young currency, according to a European Central Bank report released on Monday.


Banknote holdings per person are almost twice as high in the 13-country eurozone as in the US, the study shows, while eurozone citizens typically withdraw 50 per cent more each time they use a cash machine.


Since the introduction of euro notes and coins in 2002, circulation has soared above expectations. Last year, the value exceeded the value of dollar bills in circulation.



Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Create New...