Demand for cash: a global update
Antti Heinonen explores latest knowledge on banknote demand and analyses its impression on money infrastructure
The share of money in fee transactions has had a reducing development over the past couple of a long time, due to the fixed innovation of recent fee devices. Nonetheless, after the outbreak of the Covid-19 pandemic in 2020, the demand for banknotes skilled sudden distinctive development globally. This occurred regardless of journey restrictions and lockdowns and elevated on-line purchasing, and was primarily based on the nice uncertainty felt by the general public. Moreover, on the time the chance
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