Estonia, one of the most digitally advanced societies in the world, has proven that the resilience of cash resonates with us all in times of crisis. The Bank of Estonia has reportedly “issued more than €316 million worth of banknotes in circulation in the second quarter of 2020, a rise of 25% compared with the previous quarter.”
The net issuing of banknotes stood at 27% more than Q1 2020, suggesting Estonians followed the same pattern of cash behaviour following the Covid-19 pandemic as New Zealanders, Canadians and many others around the world.
