The central bank says that the coronavirus crisis has caused Czechs to withdraw more cash from ATMs than usual, Hospodářské noviny reported Monday.
However, this is not only to increase the ready money in their pockets – it is also because small firms have been making more cash payments at a time of uncertainty, the business daily said.
Vojtěch Benda from the Czech National Bank’s board said that demand for cash shot up after Covid-19 first hit the Czech Republic in March.
Mr. Benda told Hospodářské noviny that at the same time as political leaders were advocating cashless payments, cash deliveries had been higher than usual for the period of the year.
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However, this is not only to increase the ready money in their pockets – it is also because small firms have been making more cash payments at a time of uncertainty, the business daily said.
Vojtěch Benda from the Czech National Bank’s board said that demand for cash shot up after Covid-19 first hit the Czech Republic in March.
Mr. Benda told Hospodářské noviny that at the same time as political leaders were advocating cashless payments, cash deliveries had been higher than usual for the period of the year.
Read more
Banks' strategy leads to cahsless societies
