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Denmark is not heading for a cashless society

Categories : Cash is also a store of value, Cash is available to all users
January 5, 2018
Published in : Central Bank, Demand, Europe, Store of value, Universality
The Danish Central Bank has conducted a survey of the payment behaviour of Danish households in the Spring of 2017. The findings were published in December in 2017. The report concludes that while cash usage is declining and is expected to continue to do so in the future, Denmark is not becoming cashless and Danes will be able to use and hold cash in the future.
Guillaume Lepecq

The Danish Central Bank has conducted a survey of the payment behaviour of Danish households in the Spring of 2017. The findings were published in December in 2017. The report concludes that while cash usage is declining and is expected to continue to do so in the future, Denmark is not becoming cashless and Danes will be able to use and hold cash in the future.

Here are some key take-aways from the report :

The report concludes «Danmarks Nationalbank expects that the use of cash as a means of payment will continue to decline as more Danes are expected to choose to live without using cash in the future. However, Denmark is not heading for a cashless society. Citizens who wish to hold cash will still have the option to do so.»

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