Author (Person) | Atkins, Ralph |
---|---|
Series Title | Financial Times |
Series Details | 22.4.09 |
Publication Date | 22/04/2009 |
Content Type | News |
Demand for euro notes, especially large denominations, soared in 2008 after the collapse of Lehman Brothers investment bank apparently triggered a flight to cash. The value of euro notes in circulation leapt in the first half of October by between €35bn and €40bn, the European Central Bank said in its annual report released on the 21 April 2009. Demand for €100 and €500 notes was 'particularly high' in the final quarter of the year, the ECB said, 'and was to a large extent driven by demand from outside the euro area'. |
|
Related Links |
|
Subject Categories | Economic and Financial Affairs |
Countries / Regions | Europe |
![](https://www.europeansources.info/wp-content/uploads/esologo2.png)