Cash plays a central role in the proper functioning of the economy. Euro banknotes and coins are the only legal tender in the euro area, and they are available to everyone and ensure privacy. As it can be used without the need for any equipment, electricity or internet, cash provides a means of payment in the event of an electrical outage and is not vulnerable to cybercrime. For many people, it is useful for keeping track of their personal or household expenses. It also facilitates the social inclusion of the most vulnerable groups and is a sustainable means of payment.
If you want to learn more about banknotes and coins in circulation within the euro area, click here