The use of cash in Norway has plummeted during the Covid-19 pandemic, and its central bank believes cash is used less as a proportion of total spending than in any other country.
A survey from Norges Bank has revealed that less than 4% of spending in the country was made using cash in the autumn months this year.
“Only 4% of payments are now made using cash,” said Ida Wolden Bache, executive director for monetary policy at Norges Bank. “This share is approximately the same as in spring, and considerably lower than before the pandemic.”
Norway and fellow Nordic country