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Bitesize: The end of a paradox? – Bank Underground

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"Peak-to-peak growth – which measures the difference between peak levels of notes in circulation (usually in the run up to Christmas) each year – was just 0.58% in 2018 and 0.77% in 2017. This compares to 10% in 2016, and above 5% in the decade preceding.

Are we at a turning point? The flat growth in recent years suggests that this may be the case, with banknote demand reflecting falling transactional use of cash for the first time."

From "Bitesize: The end of a paradox? – Bank Underground".

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