covid cash

Open your wallet. How much cash is there? I have one $5 bill. Just that for weeks. My wife says she can’t remember the last time she withdrew cash from an ATM. Debit card and buying online means no need for bills and coins. I did some googling to investigate this as a trend and found facts I didn’t expect. A Bank of Canada Cash and COVID-19 study says, when the pandemic hit, demand for bills increased. Reasons? Reduction of deposits from retailers to the banks and increase in consumer demand. But, that was then. Is it different now? It is in my wallet. The survey says people still want cash but they may find a change when they survey again in early ’21.