BoE says cash unlikely to ‘die out’
Bank of England quarterly bulletin article illustrates the ongoing use of cash in the UK
Cash is unlikely to "die out" anytime soon in the UK, according to research in the Bank of England's (BoE's) latest quarterly bulletin, despite the rise of new payment technologies.
In the article, Tom Fish and Roy Whymark, of the BoE's notes directorate, consider the evolution of cash and why the bank needs to prepare for a future in which it "remains important".
The authors assess a host of factors that will influence the demand for cash in the coming years, highlighting the importance of
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