ECB admits euro cash remains indispensable as demand averages over 2% annual growth

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After leveling off during interest rate hikes, demand for cash in the eurozone is growing strong again, currently at an annual rate of 2.3%, the European Central Bank (ECB) has recognized. The acknowledgment comes with a new attempt to alleviate fears that the digital euro will replace traditional banknotes and coins that the majority of Europeans want to keep as a payment option. €5,000 worth of banknotes per capita circulating in the euro area Banknotes and coins will continue to play a crucia...