Euro Area

The European Commission has put forward two proposals to ensure that euro-area citizens and businesses can continue to access and pay with cash, and to set out a framework for a possible digital euro.

Croatia set to become the 20th member of the eurozone on January 1, 2023, following favourable assessments by the European Commission and the European Central Bank.

The Euro Retail Payments Board, which is chaired by the ECB, has set up a working group to tackle access to and acceptance of cash, amidst growing concerns that cash services could become difficult as the network of access points diminishes.

A case before the top European Court could have important implications for the status of banknotes and coins as legal tender and the acceptance of cash. In this second part, we analyse the link between legal tender and the exercise of fundamental rights. We also look at the implications of legal tender for a central bank digital currency (CBDC).

A case before the top European Court could have important implications for the status of banknotes and coins as legal tender and the acceptance of cash. The Advocate General issued a preliminary advisory opinion which states that creditors have an obligation in principle to accept cash in euros for the payment of monetary debts.