Cash usage in Norway falls to 4%
Deputy governor says CBDC research is ongoing; any future system would be controlled by central bank
Norway has the lowest volume of cash transactions globally, according to a new survey conducted by the country’s central bank.
Only 4% of payments are now made in cash across the Nordic nation, deputy governor Ida Wolden Bache said on November 5.
“This is about the same proportion as in the spring, and significantly lower than before the pandemic,” she said. “As far as we know, the proportion of cash payments in Norway is lower than in any other country.”
A decline in cash usage has spurred
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