Cash is still king!

An interesting study by the ECB

The use of cash by households in the euro area

I think what this shows is that cash is king for small amount transactions. In Ireland's case, 79% of all transactions were with cash but made up less than half of the value. In France it is even more stark: 68% of all transactions were with cash but made up a mere 28% of the total.

Thus it could be deduced that the buying of the newspaper or bar of chocolate is still done with cash.

I haven't seen a high denomination banknote in years - probably not since I last played poker , 10 years ago.

From my experience over the past couple of years, cash is certainly still king for the majority of tradesmen, professionals etc in this country!

Delboy said:

From my experience over the past couple of years, cash is certainly still king for the majority of tradesmen, professionals etc in this country!

Click to expand...

Not surprising once they find out your name is Delboy!

True, They really freak out when I take out a credit card or chq book with my name on it