Operations will cease at 14 of the 37 centres that stock currency and replace damaged notes and coins. The central bank estimates the network would be 40% underused if it remained as expansive as it is now.
That has given extra impetus to the decline in cash usage, which already fell 20% between 2012 and 2019, as PaymentSource says. The central bank expects a further 25% drop by 2022 from last year’s levels.
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