In these times of the COVID-19 pandemic, media all over the world have raised questions as to potential virus transmission via different surfaces, including currency. Eric Boissonnas, CEO of KBA-NotaSys, comments: “Cash continues to play a key role in our economies, specifically also in times of pandemic.”

“Recently,” says Eric Boissonnas, “we have seen unfounded warnings – in the press, on social media and even in shops – that evoke a potential risk of COVID-19 transmission when using cash.” Worldwide health experts, however, simply recommend applying the same hand hygiene measures as for any other everyday item when handling banknotes and coins. In other words: Cash is safe to use, even during pandemics, and is furthermore the only free payment method which is available to everyone. Many central banks conduct regular studies into whether the production or circulation of banknotes could potentially impact public health. According to their latest statements, there is no evidence of coronavirus transmission via banknotes. The World Health Organisation (WHO), too, sees no reason to advise against using cash for payments. In times of crisis, it is all the more important for governments and public authorities to uphold respect for and universal access to fundamental values such as security, freedom and data protection. Cash, as public infrastructure, is a form of power sharing between states and their citizens. It is also the only form of payment available to every person in the world, irrespective of their nationality, social or financial status, and access to further technology. And in times of pandemic, it is thus of the highest priority that we can all use cash, a possibility which is today even more important for the 1.6 billion people in this world who possess no bank account.

Elvira Booth