Macro· ★★★· neutral·

ECB: 31 billion euro banknotes in circulation as cash and digital euro set to coexist

  • —Over 31 billion euro banknotes worth more than €1.6 trillion are in circulation, growing about 3% a year
  • —62% of euro-area consumers consider the option to pay in cash important or very important, up 2 points from 2022
  • —The share of firms accepting cash fell to 88% in 2024 from 96% in 2021
  • —An online survey on the new banknote designs drew more than 9 million responses; final choice due around end-2026
Why it matters: The ECB is anchoring cash as a pillar of payment resilience alongside the digital euro, shaping the regulatory backdrop for crypto payments in the EU.
Source: TokenPost
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