The Central Bank has said €20 billion was withdrawn from Irish ATMs in 2019, that has dropped back to €13 billion
The EU is working to ensure that people can access the euro, either through cash or via a new digital currency.
The Central Bank has said €20 billion was withdrawn from Irish ATMs in 2019 before the COVID-19 pandemic.Counting euro banknotes on 17-07-18. Image: Ianni Dimitrov Pictures/Alamy"We believe cash is and should always be available," she said. "We're trying to future-proof the euro, so that should cash continue to decline in use, we want you and I to"It is different than private solutions, if you like, because this is Central Bank money.
"All the serial numbers have to be registered and then they get transferred to the Central Bank via very expensive security... often they get Garda or Army protection."It's not quite a case of one in, one out because more and more cash is added as the economy and population grows."Even when you withdraw cash from your bank, and get some cash back at your supermarket, there's also the personal risk," he said.