The European Central Bank has warned households across Europe to keep cash at home and prepare for a crisis. The ECB recommends that every European keep €70 to €100 in physical banknotes available, sufficient for about 72 hours of essential purchases if digital payment systems are disrupted by emergencies such as blackouts, cyberattacks, or turmoil in financial markets.
This advice comes after research showing sharp cash demand spikes during recent crises—like the COVID-19 pandemic, Russia's invasion of Ukraine, and large-scale power outages. In each event, cash withdrawals surged and became the preferred way for families to secure basic needs. The ECB’s latest study emphasizes that cash is a critical backup for both practical transactions and psychological comfort, acting as a safety net in unstable times.
While Europe pushes ahead with digital payment systems and the proposed digital euro, the central bank stresses that physical money remains practical and vital amid uncertainty. European authorities increasingly support policies encouraging citizens to stock emergency kits—including water, food, basic medicine, and a reserve of cash—in case access to electronic payment and banking systems breaks down. The message is to balance the convenience of digital payments with the reliability of cash, especially when facing the unexpected.
https://euroweeklynews.com/2025/09/25/europes-central-bank-urges-households-to-keep-cash-at-home-in-case-of-crisis/