DNB Study Lays Out the Future of Cash in the Netherlands

The Dutch National Bank (DNB) spoke at the recent European Cash Cycle seminar (ICCOS) about the McKinsey study commissioned to consider the cash infrastructure that the Netherlands will need for the next 10 years. With cash transactions now representing 20% of all transactions, down from 32% pre-pandemic, the Netherlands is preparing for a less cash society.

Olaf Sleijpen, Executive Director, outlined the strengths of cash – peace of mind against emergencies, ease of use, control over spending, public money providing privacy, comfortable way to pay, suitable for all people.

The report – ‘The Future of the Cash Infrastructure in the Netherlands’ – was commissioned by the DNB and the National Forum on the Payments Systems (NFPS), a consultative body on which all relevant stakeholders in the Dutch cash cycle are represented.