THE QUESTION. Since the Covid-19 pandemic broke out in December 2019, paper money has not had a good press: it is suspected of transmitting the virus. The People's Bank of China even officially announced last February that it was washing user bills. In Europe, laboratory tests have been launched to demonstrate that the risk of infection is minimal and the Banque de France wanted to echo this to reassure the French.
Read also: Have all Europeans taken the same measures against the crisis?
Obviously electronic payments are on the rise. The Bank for International Settlements, " the central bank of central banks " as it is known, confirms this in its 2020 annual report published on Tuesday. " With the Covid-19 we are seeing more use of electronic payments and contactless cards ." But the BIS also points out that in many regions of the world there is at the same time " an accumulation of cash ". This hoarding of banknotes is particularly
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