Dutch Remain Positive about Cash

A survey carried out in February 2021 by the Dutch National Bank (DNB Cash) contained some good news for cash. In five years’ time over 70% of all age groups expect still to be using cash.

Interestingly 76% of people always carry banknotes but 85% always carry coins. There was no data on why more coins should be carried.

The survey provides food for thought. In some countries a €100 banknote would be regarded as a lot of money, and so that 39% of people say they have used one in the last year is a surprise.

On the other hand, two years ago that figure was 45%. The drop may be explained by the €100 being hard to get hold of since it is not an ATM note and not usually stocked at branches. Equally it can be hard to spend the note because retailers are not keen on accepting it.