Trends in the cash cycle

Bulletin No. 259, article 5. As a direct consequence of the fall in cash payments, banknote withdrawals have declined steadily over the past decade, along with banknote flows observed by cash cycle stakeholders (the Banque de France, banks and cash-in-transit firms). Although recent phenomena such as high inflation and hikes in interest rates led to a pause in the decline, the downward trend resumed as of 2023.