EconomyAnxiety over war, wildfires and cyber-attacks drives cash holdings higher in EU
Banknotes in circulation across the EU are increasing despite widespread smartphone payments. ECB chief economist Philip Lane said their total value rose from about €1bn in 2016 to €1.6bn in June 2026, as concerns over war, cyber-attacks, wildfires and other emergencies encourage households to keep cash available.
TThe Guardian★★★★☆2026-08-21 04:00Original
Anxiety over war, wildfires and cyber-attacks drives cash holdings higher in EU
Economy