The demand for banknotes grew significantly among European consumers in the early days of the coronavirus pandemic. When looking at the value of Euro banknotes that enter circulation, week 12 (or the week from March 16 to March 22) sees the biggest growth since late 2008, increasing by nearly 19 billion euros and marking the high point of a build-up that started in week 9 (February 24 to March 1). Cash demand was not as high in April, showing fluctuations between four billion euros and eight billion euros per week. Regardless, the increase in cash in circulation resonates with late 2008 and the freezing of financial systems worldwide after the bankruptcy of Lehman Brothers. Europe has large differences when it comes to the use of cash money in daily consumer transactions. Consumers from the five Nordics countries and the United Kingdom, for example, were least likely to use cash money in 2018. The opposite was true for countries such as Greece or Cyprus, where cash money played a much bigger role.
Value of Euro banknotes in circulation in Europe from January 2008 to January 2021
(in trillion euros)
Characteristic
Value of banknotes in circulation in trillion euros
Week 1, 2021
1.4
Week 52, 2020
1.4
Week 51, 2020
1.4
Week 50, 2020
1.4
Week 49, 2020
1.4
Week 48, 2020
1.4
Week 47, 2020
1.4
Week 46, 2020
1.4
Week 45, 2020
1.4
Week 44, 2020
1.39
Week 43, 2020
1.39
Week 42, 2020
1.39
Week 41, 2020
1.39
Week 40, 2020
1.39
Week 39, 2020
1.39
Week 38, 2020
1.39
Week 37, 2020
1.39
Week 36, 2020
1.38
Week 35, 2020
1.38
Week 34, 2020
1.38
Week 33, 2020
1.38
Week 32, 2020
1.38
Week 31, 2020
1.38
Week 30, 2020
1.37
Week 29, 2020
1.37
Week 28, 2020
1.37
Week 27, 2020
1.37
Week 26, 2020
1.36
Week 25, 2020
1.36
Week 24, 2020
1.36
Week 23, 2020
1.36
Week 22, 2020
1.35
Week 21, 2020
1.35
Week 20, 2020
1.34
Week 19, 2020
1.34
Week 18, 2020
1.33
Week 17, 2020
1.33
Week 16, 2020
1.33
Week 15, 2020
1.33
Week 14, 2020
1.32
Week 13, 2020
1.31
Week 12, 2020
1.3
Week 11, 2020
1.29
Week 10, 2020
1.28
Week 09, 2020
1.28
Week 08, 2020
1.28
Week 07, 2020
1.27
Week 06, 2020
1.27
Week 05, 2020
1.27
Week 04, 2020
1.27
Week 03, 2020
1.27
Week 02, 2020
1.28
Week 01, 2020
1.29
Week 52, 2019
1.29
Week 51, 2019
1.29
Week 50, 2019
1.28
Week 49, 2019
1.27
Week 48, 2019
1.27
Week 47, 2019
1.26
Week 46, 2019
1.26
Week 45, 2019
1.26
Week 44, 2019
1.26
Week 43, 2019
1.25
Week 42, 2019
1.25
Week 41, 2019
1.25
Week 40, 2019
1.25
Week 39, 2019
1.25
Week 38, 2019
1.25
Week 37, 2019
1.25
Week 36, 2019
1.25
Week 35, 2019
1.25
Week 34, 2019
1.25
Week 33, 2019
1.25
Week 32, 2019
1.25
Week 31, 2019
1.25
Week 30, 2019
1.25
Week 29, 2019
1.25
Week 28, 2019
1.25
Week 27, 2019
1.24
Week 26, 2019
1.24
Week 25, 2019
1.23
Week 24, 2019
1.23
Week 23, 2019
1.23
Week 22, 2019
1.23
Week 21, 2019
1.22
Week 20, 2019
1.23
Week 19, 2019
1.23
Week 18, 2019
1.23
Week 17, 2019
1.23
Week 16, 2019
1.23
Week 15, 2019
1.22
Week 14, 2019
1.22
Week 13, 2019
1.22
Week 12, 2019
1.21
Week 11, 2019
1.21
Week 10, 2019
1.21
Week 09, 2019
1.21
Week 08, 2019
1.21
Week 07, 2019
1.21
Week 06, 2019
1.21
Week 05, 2019
1.21
Week 04, 2019
1.21
Week 03, 2019
1.21
Week 02, 2019
1.22
Week 01, 2019
1.22
Week 52, 2018
1.23
Week 51, 2018
1.23
Week 50, 2018
1.21
Week 49, 2018
1.21
Week 48, 2018
1.2
Week 47, 2018
1.2
Week 46, 2018
1.2
Week 45, 2018
1.2
Week 44, 2018
1.2
Week 43, 2018
1.2
Week 42, 2018
1.19
Week 41, 2018
1.2
Week 40, 2018
1.2
Week 39, 2018
1.19
Week 38, 2018
1.19
Week 37, 2018
1.19
Week 36, 2018
1.19
Week 35, 2018
1.19
Week 34, 2018
1.19
Week 33, 2018
1.19
Week 32, 2018
1.19
Week 31, 2018
1.19
Week 30, 2018
1.19
Week 29, 2018
1.19
Week 28, 2018
1.19
Week 27, 2018
1.19
Week 26, 2018
1.18
Week 25, 2018
1.17
Week 24, 2018
1.17
Week 23, 2018
1.17
Week 22, 2018
1.17
Week 21, 2018
1.17
Week 20, 2018
1.17
Week 19, 2018
1.17
Week 18, 2018
1.17
Week 17, 2018
1.17
Week 16, 2018
1.16
Week 15, 2018
1.16
Week 14, 2018
1.16
Week 13, 2018
1.16
Week 12, 2018
1.15
Week 11, 2018
1.15
Week 10, 2018
1.15
Week 09, 2018
1.15
Week 08, 2018
1.15
Week 07, 2018
1.15
Week 06, 2018
1.15
Week 05, 2018
1.15
Week 04, 2018
1.15
Week 03, 2018
1.15
Week 02, 2018
1.15
Week 01, 2018
1.16
Week 52, 2017
1.17
Week 51, 2017
1.17
Week 50, 2017
1.16
Week 49, 2017
1.15
Week 48, 2017
1.15
Week 47, 2017
1.14
Week 46, 2017
1.14
Week 45, 2017
1.14
Week 44, 2017
1.15
Week 43, 2017
1.15
Week 42, 2017
1.14
Week 41, 2017
1.15
Week 40, 2017
1.14
Week 39, 2017
1.14
Week 38, 2017
1.14
Week 37, 2017
1.14
Week 36, 2017
1.14
Week 35, 2017
1.14
Week 34, 2017
1.14
Week 33, 2017
1.14
Week 32, 2017
1.15
Week 31, 2017
1.14
Week 30, 2017
1.14
Week 29, 2017
1.14
Week 28, 2017
1.14
Week 27, 2017
1.14
Week 26, 2017
1.14
Week 25, 2017
1.13
Week 24, 2017
1.13
Week 23, 2017
1.13
Week 22, 2017
1.13
Week 21, 2017
1.12
Week 20, 2017
1.12
Week 19, 2017
1.12
Week 18, 2017
1.13
Week 17, 2017
1.13
Week 16, 2017
1.12
Week 15, 2017
1.13
Week 14, 2017
1.12
Week 13, 2017
1.11
Week 12, 2017
1.11
Week 11, 2017
1.11
Week 10, 2017
1.11
Week 09, 2017
1.11
Week 08, 2017
1.11
Week 07, 2017
1.11
Week 06, 2017
1.11
Week 05, 2017
1.11
Week 04, 2017
1.11
Week 03, 2017
1.11
Week 02, 2017
1.12
Week 01, 2017
1.12
Week 52, 2016
1.13
Week 51, 2016
1.13
Week 50, 2016
1.12
Week 49, 2016
1.11
Week 48, 2016
1.11
Week 47, 2016
1.1
Week 46, 2016
1.1
Week 45, 2016
1.1
Week 44, 2016
1.1
Week 43, 2016
1.1
Week 42, 2016
1.1
Week 41, 2016
1.1
Week 40, 2016
1.1
Week 39, 2016
1.1
Week 38, 2016
1.09
Week 37, 2016
1.09
Week 36, 2016
1.1
Week 35, 2016
1.1
Week 34, 2016
1.09
Week 33, 2016
1.1
Week 32, 2016
1.1
Week 31, 2016
1.1
Week 30, 2016
1.1
Week 29, 2016
1.09
Week 28, 2016
1.09
Week 27, 2016
1.09
Week 26, 2016
1.09
Week 25, 2016
1.08
Week 24, 2016
1.08
Week 23, 2016
1.08
Week 22, 2016
1.08
Week 21, 2016
1.08
Week 20, 2016
1.08
Week 19, 2016
1.08
Week 18, 2016
1.08
Week 17, 2016
1.07
Week 16, 2016
1.07
Week 15, 2016
1.07
Week 14, 2016
1.07
Week 13, 2016
1.07
Week 12, 2016
1.07
Week 11, 2016
1.07
Week 10, 2016
1.07
Week 09, 2016
1.07
Week 08, 2016
1.06
Week 07, 2016
1.06
Week 06, 2016
1.06
Week 05, 2016
1.06
Week 04, 2016
1.06
Week 03, 2016
1.06
Week 02, 2016
1.07
Week 01, 2016
1.07
Week 53, 2015
1.08
Week 52, 2015
1.08
Week 51, 2015
1.07
Week 50, 2015
1.07
Week 49, 2015
1.07
Week 48, 2015
1.06
Week 47, 2015
1.05
Week 46, 2015
1.06
Week 45, 2015
1.06
Week 44, 2015
1.05
Week 43, 2015
1.05
Week 42, 2015
1.05
Week 41, 2015
1.05
Week 40, 2015
1.05
Week 39, 2015
1.05
Week 38, 2015
1.05
Week 37, 2015
1.05
Week 36, 2015
1.06
Week 35, 2015
1.05
Week 34, 2015
1.05
Week 33, 2015
1.06
Week 32, 2015
1.06
Week 31, 2015
1.06
Week 30, 2015
1.05
Week 29, 2015
1.05
Week 28, 2015
1.05
Week 27, 2015
1.05
Week 26, 2015
1.04
Week 25, 2015
1.04
Week 24, 2015
1.03
Week 23, 2015
1.04
Week 22, 2015
1.03
Week 21, 2015
1.03
Week 20, 2015
1.03
Week 19, 2015
1.03
Week 18, 2015
1.03
Week 17, 2015
1.02
Week 16, 2015
1.02
Week 15, 2015
1.02
Week 14, 2015
1.02
Week 13, 2015
1.01
Week 12, 2015
1.01
Week 11, 2015
1.01
Week 10, 2015
1.01
Week 09, 2015
1.01
Week 08, 2015
1.01
Week 07, 2015
1.01
Week 06, 2015
1
Week 05, 2015
1
Week 04, 2015
1
Week 03, 2015
1
Week 02, 2015
1.01
Week 01, 2015
1.02
Week 52, 2014
1.02
Week 51, 2014
1
Week 50, 2014
0.99
Week 49, 2014
0.99
Week 48, 2014
0.98
Week 47, 2014
0.98
Week 46, 2014
0.98
Week 45, 2014
0.98
Week 44, 2014
0.98
Week 43, 2014
0.97
Week 42, 2014
0.97
Week 41, 2014
0.97
Week 40, 2014
0.98
Week 39, 2014
0.97
Week 38, 2014
0.97
Week 37, 2014
0.97
Week 36, 2014
0.97
Week 35, 2014
0.97
Week 34, 2014
0.97
Week 33, 2014
0.98
Week 32, 2014
0.97
Week 31, 2014
0.97
Week 30, 2014
0.97
Week 29, 2014
0.97
Week 28, 2014
0.97
Week 27, 2014
0.96
Week 26, 2014
0.96
Week 25, 2014
0.96
Week 24, 2014
0.96
Week 23, 2014
0.96
Week 22, 2014
0.95
Week 21, 2014
0.95
Week 20, 2014
0.95
Week 19, 2014
0.95
Week 18, 2014
0.95
Week 17, 2014
0.95
Week 16, 2014
0.95
Week 15, 2014
0.94
Week 14, 2014
0.94
Week 13, 2014
0.94
Week 12, 2014
0.94
Week 11, 2014
0.94
Week 10, 2014
0.94
Week 09, 2014
0.93
Week 08, 2014
0.93
Week 07, 2014
0.93
Week 06, 2014
0.93
Week 05, 2014
0.93
Week 04, 2014
0.93
Week 03, 2014
0.93
Week 02, 2014
0.94
Week 01, 2014
0.95
Week 52, 2013
0.96
Week 51, 2013
0.95
Week 50, 2013
0.94
Week 49, 2013
0.94
Week 48, 2013
0.93
Week 47, 2013
0.92
Week 46, 2013
0.92
Week 45, 2013
0.92
Week 44, 2013
0.92
Week 43, 2013
0.92
Week 42, 2013
0.92
Week 41, 2013
0.92
Week 40, 2013
0.92
Week 39, 2013
0.92
Week 38, 2013
0.92
Week 37, 2013
0.92
Week 36, 2013
0.92
Week 35, 2013
0.92
Week 34, 2013
0.92
Week 33, 2013
0.92
Week 32, 2013
0.92
Week 31, 2013
0.92
Week 30, 2013
0.92
Week 29, 2013
0.92
Week 28, 2013
0.92
Week 27, 2013
0.92
Week 26, 2013
0.91
Week 25, 2013
0.91
Week 24, 2013
0.91
Week 23, 2013
0.91
Week 22, 2013
0.91
Week 21, 2013
0.9
Week 20, 2013
0.91
Week 19, 2013
0.91
Week 18, 2013
0.9
Week 17, 2013
0.9
Week 16, 2013
0.89
Week 15, 2013
0.89
Week 14, 2013
0.9
Week 13, 2013
0.9
Week 12, 2013
0.88
Week 11, 2013
0.88
Week 10, 2013
0.88
Week 09, 2013
0.88
Week 08, 2013
0.88
Week 07, 2013
0.88
Week 06, 2013
0.88
Week 05, 2013
0.88
Week 04, 2013
0.88
Week 03, 2013
0.89
Week 02, 2013
0.89
Week 01, 2013
0.9
Week 52, 2012
0.91
Week 51, 2012
0.91
Week 50, 2012
0.9
Week 49, 2012
0.9
Week 48, 2012
0.89
Week 47, 2012
0.89
Week 46, 2012
0.89
Week 45, 2012
0.89
Week 44, 2012
0.89
Week 43, 2012
0.89
Week 42, 2012
0.89
Week 41, 2012
0.89
Week 40, 2012
0.89
Week 39, 2012
0.89
Week 38, 2012
0.89
Week 37, 2012
0.89
Week 36, 2012
0.9
Week 35, 2012
0.9
Week 34, 2012
0.9
Week 33, 2012
0.9
Week 32, 2012
0.9
Week 31, 2012
0.9
Week 30, 2012
0.9
Week 29, 2012
0.9
Week 28, 2012
0.9
Week 27, 2012
0.9
Week 26, 2012
0.89
Week 25, 2012
0.89
Week 24, 2012
0.89
Week 23, 2012
0.89
Week 22, 2012
0.88
Week 21, 2012
0.88
Week 20, 2012
0.88
Week 19, 2012
0.88
Week 18, 2012
0.88
Week 17, 2012
0.87
Week 16, 2012
0.87
Week 15, 2012
0.87
Week 14, 2012
0.88
Week 13, 2012
0.87
Week 12, 2012
0.87
Week 11, 2012
0.87
Week 10, 2012
0.87
Week 09, 2012
0.87
Week 08, 2012
0.87
Week 07, 2012
0.87
Week 06, 2012
0.87
Week 05, 2012
0.87
Week 04, 2012
0.87
Week 03, 2012
0.87
Week 02, 2012
0.88
Week 01, 2012
0.88
Week 52, 2011
0.89
Week 51, 2011
0.89
Week 50, 2011
0.88
Week 49, 2011
0.88
Week 48, 2011
0.87
Week 47, 2011
0.87
Week 46, 2011
0.87
Week 45, 2011
0.87
Week 44, 2011
0.87
Week 43, 2011
0.86
Week 42, 2011
0.86
Week 41, 2011
0.86
Week 40, 2011
0.86
Week 39, 2011
0.86
Week 38, 2011
0.85
Week 37, 2011
0.85
Week 36, 2011
0.85
Week 35, 2011
0.85
Week 34, 2011
0.85
Week 33, 2011
0.85
Week 32, 2011
0.86
Week 31, 2011
0.86
Week 30, 2011
0.86
Week 29, 2011
0.85
Week 28, 2011
0.85
Week 27, 2011
0.85
Week 26, 2011
0.85
Week 25, 2011
0.84
Week 24, 2011
0.84
Week 23, 2011
0.84
Week 22, 2011
0.84
Week 21, 2011
0.83
Week 20, 2011
0.83
Week 19, 2011
0.83
Week 18, 2011
0.83
Week 17, 2011
0.83
Week 16, 2011
0.84
Week 15, 2011
0.83
Week 14, 2011
0.83
Week 13, 2011
0.83
Week 12, 2011
0.82
Week 11, 2011
0.82
Week 10, 2011
0.82
Week 09, 2011
0.82
Week 08, 2011
0.82
Week 07, 2011
0.82
Week 06, 2011
0.82
Week 05, 2011
0.82
Week 04, 2011
0.82
Week 03, 2011
0.82
Week 02, 2011
0.83
Week 01, 2011
0.83
Week 52, 2010
0.84
Week 51, 2010
0.84
Week 50, 2010
0.83
Week 49, 2010
0.83
Week 48, 2010
0.82
Week 47, 2010
0.81
Week 46, 2010
0.81
Week 45, 2010
0.81
Week 44, 2010
0.82
Week 43, 2010
0.82
Week 42, 2010
0.81
Week 41, 2010
0.81
Week 40, 2010
0.82
Week 39, 2010
0.81
Week 38, 2010
0.81
Week 37, 2010
0.81
Week 36, 2010
0.82
Week 35, 2010
0.82
Week 34, 2010
0.81
Week 33, 2010
0.82
Week 32, 2010
0.82
Week 31, 2010
0.82
Week 30, 2010
0.82
Week 29, 2010
0.82
Week 28, 2010
0.82
Week 27, 2010
0.82
Week 26, 2010
0.82
Week 25, 2010
0.81
Week 24, 2010
0.81
Week 23, 2010
0.81
Week 22, 2010
0.81
Week 21, 2010
0.8
Week 20, 2010
0.8
Week 19, 2010
0.81
Week 18, 2010
0.8
Week 17, 2010
0.8
Week 16, 2010
0.79
Week 15, 2010
0.79
Week 14, 2010
0.8
Week 13, 2010
0.8
Week 12, 2010
0.79
Week 11, 2010
0.79
Week 10, 2010
0.79
Week 09, 2010
0.79
Week 08, 2010
0.78
Week 07, 2010
0.78
Week 06, 2010
0.79
Week 05, 2010
0.79
Week 04, 2010
0.78
Week 03, 2010
0.78
Week 02, 2010
0.79
Week 01, 2010
0.8
Week 53, 2009
0.81
Week 52, 2009
0.81
Week 51, 2009
0.8
Week 50, 2009
0.79
Week 49, 2009
0.79
Week 48, 2009
0.77
Week 47, 2009
0.77
Week 46, 2009
0.77
Week 45, 2009
0.77
Week 44, 2009
0.77
Week 43, 2009
0.77
Week 42, 2009
0.77
Week 41, 2009
0.77
Week 40, 2009
0.77
Week 39, 2009
0.77
Week 38, 2009
0.77
Week 37, 2009
0.77
Week 36, 2009
0.77
Week 35, 2009
0.77
Week 34, 2009
0.77
Week 33, 2009
0.77
Week 32, 2009
0.78
Week 31, 2009
0.77
Week 30, 2009
0.77
Week 29, 2009
0.77
Week 28, 2009
0.77
Week 27, 2009
0.77
Week 26, 2009
0.76
Week 25, 2009
0.76
Week 24, 2009
0.76
Week 23, 2009
0.76
Week 22, 2009
0.76
Week 21, 2009
0.76
Week 20, 2009
0.76
Week 19, 2009
0.76
Week 18, 2009
0.76
Week 17, 2009
0.75
Week 16, 2009
0.76
Week 15, 2009
0.76
Week 14, 2009
0.75
Week 13, 2009
0.75
Week 12, 2009
0.75
Week 11, 2009
0.75
Week 10, 2009
0.75
Week 09, 2009
0.74
Week 08, 2009
0.74
Week 07, 2009
0.74
Week 06, 2009
0.74
Week 05, 2009
0.74
Week 04, 2009
0.74
Week 03, 2009
0.74
Week 02, 2009
0.75
Week 01, 2009
0.76
Week 52, 2008
0.77
Week 51, 2008
0.75
Week 50, 2008
0.74
Week 49, 2008
0.74
Week 48, 2008
0.73
Week 47, 2008
0.73
Week 46, 2008
0.73
Week 45, 2008
0.73
Week 44, 2008
0.73
Week 43, 2008
0.72
Week 42, 2008
0.72
Week 41, 2008
0.71
Week 40, 2008
0.69
Week 39, 2008
0.68
Week 38, 2008
0.68
Week 37, 2008
0.68
Week 36, 2008
0.68
Week 35, 2008
0.68
Week 34, 2008
0.68
Week 33, 2008
0.69
Week 32, 2008
0.69
Week 31, 2008
0.69
Week 30, 2008
0.68
Week 29, 2008
0.69
Week 28, 2008
0.69
Week 27, 2008
0.68
Week 26, 2008
0.68
Week 25, 2008
0.67
Week 24, 2008
0.68
Week 23, 2008
0.68
Week 22, 2008
0.67
Week 21, 2008
0.67
Week 20, 2008
0.67
Week 19, 2008
0.67
Week 18, 2008
0.67
Week 17, 2008
0.66
Week 16, 2008
0.66
Week 15, 2008
0.66
Week 14, 2008
0.66
Week 13, 2008
0.66
Week 12, 2008
0.67
Week 11, 2008
0.66
Week 10, 2008
0.66
Week 09, 2008
0.65
Week 08, 2008
0.65
Week 07, 2008
0.65
Week 06, 2008
0.65
Week 05, 2008
0.65
Week 04, 2008
0.65
Week 03, 2008
0.65
Week 02, 2008
0.66
Week 01, 2008
0.67
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ECB. (January 6, 2021). Value of Euro banknotes in circulation in Europe from January 2008 to January 2021 (in trillion euros) [Graph]. In Statista. Retrieved September 01, 2024, from https://www.statista.com/statistics/1117483/value-of-euro-banknotes-in-circulation-in-europe/
ECB. "Value of Euro banknotes in circulation in Europe from January 2008 to January 2021 (in trillion euros)." Chart. January 6, 2021. Statista. Accessed September 01, 2024. https://www.statista.com/statistics/1117483/value-of-euro-banknotes-in-circulation-in-europe/
ECB. (2021). Value of Euro banknotes in circulation in Europe from January 2008 to January 2021 (in trillion euros). Statista. Statista Inc.. Accessed: September 01, 2024. https://www.statista.com/statistics/1117483/value-of-euro-banknotes-in-circulation-in-europe/
ECB. "Value of Euro Banknotes in Circulation in Europe from January 2008 to January 2021 (in Trillion Euros)." Statista, Statista Inc., 6 Jan 2021, https://www.statista.com/statistics/1117483/value-of-euro-banknotes-in-circulation-in-europe/
ECB, Value of Euro banknotes in circulation in Europe from January 2008 to January 2021 (in trillion euros) Statista, https://www.statista.com/statistics/1117483/value-of-euro-banknotes-in-circulation-in-europe/ (last visited September 01, 2024)
Value of Euro banknotes in circulation in Europe from January 2008 to January 2021 (in trillion euros) [Graph], ECB, January 6, 2021. [Online]. Available: https://www.statista.com/statistics/1117483/value-of-euro-banknotes-in-circulation-in-europe/