Cash Is King as Europe Adapts to Negative Interest Rates: Chart

  • Record 1.1 trillion euros of banknotes in use at end of 2015
  • Euro banknote circulation boosted by economic growth, markets

Europe’s ATMs worked overtime in 2015. A record 1.08 trillion euros ($1.17 trillion) of banknotes were in circulation, almost double the value 10 years ago, according to data compiled by the European Central Bank. That’s a counterargument to some bankers who say that electronic forms of cash will replace paper money sooner rather than later.

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