US EditionECB: Keep Cash at Home for Emergencies
3 Articles
3 Articles
ECB: Keep cash at home for emergencies
In an age when most of us pay with a tap of a card or a swipe on a phone, the European Central Bank (ECB) is sending out a very different message: don’t ditch cash just yet. In fact, the institution is advising households across Europe to keep a small supply of banknotes at home, enough to cover essential needs for about three days, in case of what it calls ‘systemic instability’. Source
The demand for cash increases when public confidence is shaken, he emphasizes, recalling the summer of... almost Grexit.
"Storage at least 70 to 100 euros in cash" but why the European Central Bank recommends that we keep cash at home all of a sudden as it prepares to launch the digital euro? In a note published on its website, the ECB called on Europeans to keep at home a sum of [...]
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