Key takeaways
•The Covid-19 pandemic has boosted the use of digital and contactless payments.
•Cash in circulation reached a decade high due to a surge in demand for high-value banknotes,
suggesting that cash was increasingly held as a store of value rather than for making payments.
•The pandemic has added to the motivations of central banks to develop central bank digital
currencies (CBDCs).
How convenient.
commentary2112
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