Global banknote developments before and after Covid-19
Antti Heinonen looks at how the pandemic triggered sharp changes in demand for cash
The full effects of the Covid-19 pandemic are still unknown and depend on the length of the exceptional period in various parts of the world. Besides the health concerns, the most severe consequences of Covid-19 are its economic impacts. Not only does the economy suffer due to the imposed lockdowns and travel restrictions, but the pandemic is having a great influence also on retail payments. Among these latter effects is the decrease in the use of cash in transactions.
Even if it is still
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