politics

Increased Anxiety Drives Rise in Cash Circulation Across the EU

21 Ağustos 2026The Guardian

The value of banknotes in circulation in the EU is projected to rise from €1 billion in 2016 to €1.6 billion by 2026, as people increasingly feel the need to hold cash amid rising anxieties over war, wildfires, and cyber-attacks. Despite the prevalence of smartphone payments, new data indicates that demand for cash…
Philip Lane, the chief economist of the European Central Bank, highlighted this trend at a recent conference in Ireland.
The backdrop of increasing geopolitical tensions, environmental disasters like wildfires, and the threat of cyber-attacks has led many individuals to reconsider their financial strategies. The European Central Bank's acknowledgment of this trend underscores the changing dynamics of money management in the modern era.
The increase in cash circulation reflects a significant shift in consumer behavior, driven by a growing sense of insecurity in an unpredictable world. As digital payment methods dominate everyday transactions, the simultaneous rise in cash holdings suggests a desire for financial security and preparedness among the…

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This summary is based on data and statements available as of October 2023 and may not reflect subsequent developments.

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