Demand for cash remains strong in many places, says Sayuri Shirai
In recent years, cashless payment methods around the world have become increasingly prevalent. Nevertheless, demand for cash, as proxied by cash in circulation in terms of the amount and nominal GDP, has been solid and even rising in many economies.
Demand for cash strengthened particularly after the global financial crisis. The rising trend is prevalent even in many advanced economies, notwithstanding that the public has generally had full access to bank accounts and credit cards for a long
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