The Cash ‘Paradox’

The cash 'paradox'. Sources: Bank of England and LINK ATM Network.

The cash 'paradox'. Sources: Bank of England and LINK ATM Network.

In its latest Quarterly Bulletin, the Bank of England published an article ‘Cash in the time of COVID’. The article seeks to explain what it referred to as the cash ‘paradox’, that cash in circulation is up while cash transaction volumes are down, which has been brought into sharp relief during the pandemic.