Covid-19 likely to have major effect on UK cash usage – BoE
Risk of Covid transmission via banknotes diminishes significantly over time, BoE study finds
The Covid-19 pandemic is likely to have long-lasting effects on cash usage in the UK, according to research published by the Bank of England.
But the risk of banknotes transmitting Covid-19 is low, the BoE finds.
The pandemic will have a longer-lasting impact on cash usage in the UK than it will on other methods of payment, the BoE’s latest quarterly bulletin says.
“The so-called banknote paradox showed no signs of disappearing during the Covid crisis; in fact, the gap between cash usage and
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