The value of banknotes in circulation within the EU is projected to rise from €1 billion in 2016 to €1.6 billion by 2026, despite the growing popularity of digital payments. This trend is attributed to increasing anxiety over wars, cyber-attacks, and recent natural disasters, prompting individuals to keep cash reserves for emergencies.
As cash circulation rises, monitor how EU policies adapt to ensure access to ATMs and cash services. Watch for potential shifts in consumer behavior as individuals balance digital payments with cash reserves, especially in light of recent emergencies and cyber threats.