The governor of the National Bank of Croatia has warned it is too soon to forecast the demise of hard currency.
Appearing on a panel alongside governors from three other European central banks, Boris Vujčić said cash remained an important method of payment for most people across Europe.
Croatia is now fifth in the eurozone in terms of the number of contactless payments, mobile payments and online banking facilities established, and people can transact using cloud-based virtual card payments. “
- Podcast: San Fran Fed’s Daly on gender inequality in central banks
- Turkish central bank carries out emergency rate hike as currency falls
- Dudley calls for ‘aggressive action’ on benchmark reforms
- Swift starts work on pan-European real-time payment connectivity pilot
- Strike halts Australian banknote production