Cash in the time of Covid

Ellen Caswell (), Miranda Hewkin Smith (), David Learmonth () and Gareth Pearce
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Ellen Caswell: Bank of England
Miranda Hewkin Smith: Bank of England
David Learmonth: Bank of England
Gareth Pearce: Bank of England

Bank of England Quarterly Bulletin, 2020, vol. 60, issue 4, 2-2

Abstract: During the Covid pandemic the way people use cash has changed, with less being used for transactions. People are spending less cash, but the total value of banknotes in circulation has increased as people appear to choose to hold more cash. These trends have persisted for a number of years, but have been magnified by the pandemic. This article explores the impact of the Covid pandemic on cash usage.

Date: 2020
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