The role of currency

To find out more

Marc Schwartz, Chairman & CEO of Monnaie de Paris has written a reference study on the place of cash in the world, Le grand paradoxe – ou pourquoi le règne du cash est loin de s’achever (The great paradox - or why the reign of cash is far from over). The latter demonstrates in particular that the volume of cash in circulation is constantly increasing, and that cash plays an important role as a means of payment. It also illustrates that if the death of cash was announced, there are many arguments in favour of cash. It is strongly defended today. Lastly, this study envisages the implementation of a digital currency which might present the same advantages as cash.

To consult the whole of this work:


Key figures and reference information on fiduciary currency are also provided by the Banque de France:


And by the European Central Bank: