Impacts of Recent Developments on the Cash Cycle: A Global Analysis

Even though innovations in digital payments have accelerated in recent decades, cash is the only payment option for a number of citizens in every country. Moreover, the great majority of people would like to keep cash as one of their payment options even in those countries where its share in transactions is already small. Cash is also used for precautionary reasons as well as a store of value and has a significant role in various crises and uncertainties.