Germany: Cash is still king

Facts/News about the Euro can be posted here

Moderators: Fons, Phaseolus

Post Reply
Posts: 1002
Joined: Sat Apr 09, 2005 1:25 pm
Location: NW · DE · EU

Germany: Cash is still king

Post by tabbs » Tue Jul 07, 2009 8:04 pm

Cash is the most commonly used means of payment in Germany. And according to a new study presented by the Bundesbank today, that will not change dramatically any time soon. Here is an English media release: ... ten.en.php" onclick=";return false;

The study is based on the questionnaires and "payments diaries" of more than 2,000 persons. Measured by the value of the transactions,

* cash accounts for a share of 57.9%,
* giro cards (the former EC cards) 25.5%,
* and credit cards for 3.6% of all purchases.

Also interesting: the average amount of cash carried is €118 (with €6.70 being coins). And while people may prefer cash in many situations, most do have some "plastic" means of payment: 91 percent have a giro card, and 27 percent have a credit card. More information (study, abstract, background info) in German is available at the Bundesbank's website.


Post Reply

Return to “Euro-Notes and Coins Board”