Cash usage drops further to an average of 42.5% across jurisdictions

Just one African institution and a European jurisdiction experience growth in cash payments

Cash usage averaged 42.5% of payments in 2021, among 17 respondents that answered this question in the Currency Benchmarks 2022. The latest figure represents a decline from the average of 45% reported in the Currency Benchmarks 2021 from a larger sample of 24 central banks.

The maximum proportion of cash payments was recorded in a middle income American jurisdiction, where cash usage rose from 88% (2020) to 94% (2021). The minimum cash usage figure in the sample, however, remained unchanged at

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