The total value of currency in circulation in the Euro area has seen a year on year increase between 2009 and 2019. As of 2019, the average value per capita of euros was approximately 3.6 thousand euros. Despite an overall rise across the Euro area, the United Kingdom (UK) has seen a decrease of banknotes in circulation between 2017 and 2018.
Rise of digital payments
Despite the overall rise of banknotes in circulation in the Euro Area, most countries are seeing a movement away from traditional payment methods and a rise in digital payments. Between 2013 and 2017, the number of card payments in the European Union increased by more than 20 billion payments. The United Kingdom, France and Germany saw the highest number of cashless payments during 2017.
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ECB. (November 28, 2022). Total currency in circulation outside MFIs in the euro area from September 1997 to October 2022 (in million euros) [Graph]. In Statista. Retrieved November 21, 2024, from https://www.statista.com/statistics/442970/currency-in-circulation-euro-area/
ECB. "Total currency in circulation outside MFIs in the euro area from September 1997 to October 2022 (in million euros)." Chart. November 28, 2022. Statista. Accessed November 21, 2024. https://www.statista.com/statistics/442970/currency-in-circulation-euro-area/
ECB. (2022). Total currency in circulation outside MFIs in the euro area from September 1997 to October 2022 (in million euros). Statista. Statista Inc.. Accessed: November 21, 2024. https://www.statista.com/statistics/442970/currency-in-circulation-euro-area/
ECB. "Total Currency in Circulation outside Mfis in The Euro Area from September 1997 to October 2022 (in Million Euros)." Statista, Statista Inc., 28 Nov 2022, https://www.statista.com/statistics/442970/currency-in-circulation-euro-area/
ECB, Total currency in circulation outside MFIs in the euro area from September 1997 to October 2022 (in million euros) Statista, https://www.statista.com/statistics/442970/currency-in-circulation-euro-area/ (last visited November 21, 2024)
Total currency in circulation outside MFIs in the euro area from September 1997 to October 2022 (in million euros) [Graph], ECB, November 28, 2022. [Online]. Available: https://www.statista.com/statistics/442970/currency-in-circulation-euro-area/
