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Did You know?
People are spending less cash, but the total value of banknotes in circulation has increased as people appear to choose to hold more cash. These trends have persisted for a number of years, but have been magnified by the pandemic.
Cash remains an important part of the UK economy, with an estimated 9.3 billion cash payments made in 2019 and 2.1 million people who mainly use cash for their day-to-day purchases.