ECB: Cash is king!

The ECB’s Economic Bulletin Issue 6, 2025 includes an article titled “Keep calm and carry cash: lessons on the unique role of physical currency across four crises”. It is a press release on the ECB website.
(ECB is the central bank of the European Union)

"Several countries now recommend that households maintain a multi-day cash float for essential purchases.
For instance, authorities in the Netherlands, Austria and Finland suggest holding amounts ranging from approximately €70 to €100 per household member or enough to cover essential needs for about 72 hours.
Some jurisdictions, like Finland, are even exploring “disruption-proof” ATMs to ensure access during digital failures.
This aligns with the understanding that physical currency not only serves to meet individual needs but also contributes to broader systemic resilience"

"the unique attributes of cash – the fact that it is tangible, resilient, offline and widely accepted – become paramount during crises, and can also be leveraged for crisis preparedness"

"Keep calm and carry cash" 🤣
ecb.europa.eu/press/economic-bulletin/articl…2ca3.en.html

cleary some Member of the European Parliament already had this info from the ECB before it went public and took it literally 🤣

a few years ago:

dailymail.co.uk/news/article-11537201/EU-cor…earance.html