Business · Economy · 9 hrs ago

85% of French people worry cash could disappear, survey finds

85% of French people worry cash could disappear, survey finds

A survey found 85% of French people fear cash disappearing, even as card payments become more common.

The survey was commissioned by the Monnaie de Paris, the public institution that makes French coins, and questioned 2,000 people.

Cards are used by 94% of respondents, while 66% said they use cash to pay.

Many still see cash as the most reliable payment in a crisis, including during economic or political disruption and natural disasters.

Privacy is a major concern: 86% of respondents feel their lives would be more closely monitored if cash vanished.

Nearly half keep cash at home, holding an average of €168.

The Monnaie de Paris has also sold €14 million worth of its gold investment coin, Marianne-or, by the end of October, with buyers able to choose physical delivery or secure storage.

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What people are saying

Marc SchwartzCEO of the Monnaie de Paris
We are in an increasingly uncertain, tense world. There are wars (...) trade wars, economic tensions, inflation, cyberattacks.
via BFM Business
Cash has a side that is extremely reassuring.
via BFM Business