Covid-19 likely to have major effect on UK cash usage – BoE

New ten pound note (queen)
Rachael King

The Covid-19 pandemic is likely to have long-lasting effects on cash usage in the UK, according to research published by the Bank of England.

But the risk of banknotes transmitting Covid-19 is low, the BoE finds.

The pandemic will have a longer-lasting impact on cash usage in the UK than it will on other methods of payment, the BoE’s latest quarterly bulletin says.

“The so-called banknote paradox showed no signs of disappearing during the Covid crisis; in fact, the gap between cash usage and

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: