ECB Report: Digital Euro Impacts Cash Circulation, Highlights Strategy Shifts

The European Central Bank (ECB) has revealed in a recent report that its digital euro initiative is expected to significantly impact traditional paper banknotes. According to PANews, for every ten new digital euros issued, five paper bank notes will be withdrawn from circulation. This move by the EU underscores a strategic effort toward increased financial autonomy, contrasting with U.S. President Donald Trump’s earlier opposition to developing a national digital dollar.