In the first half of 2024, the Bundesbank removed significantly more counterfeit money from circulation in Germany than in the six months before. Between January and June 2024, there were around 38,600 counterfeit euro banknotes in circulation, with a nominal value of € 2.4 million. This was 29 % more than in the second half of 2023. Meanwhile, the
The number of card payments has continued to grow steadily since the end of the pandemic. In 2023, it rose by almost 16 % on the previous year to 11.8 billion transactions. At 39 %, card payments accounted for the largest share of all non-bank payment transactions, followed by direct debits and credit transfers. Most electronic card payments
The German banks responding to the Bank Lending Survey (BLS) barely tightened their credit standards for loans to enterprises any further in the second quarter of 2024. They slightly tightened their credit standards for loans to households for house purchase and for consumer credit and other lending to households. Overall, the adjustments were somewhat less
The interview was conducted by Heike Jahberg. Translation: Deutsche Bundesbank Mr Nagel, you’re the President of the Bundesbank and a member of the European Central Bank’s Governing Council. As a central banker, your primary task is to keep prices stable. When you see supermarket prices these days, are you satisfied with your performance? Central bankers
Check against delivery. 1 Introduction 2 Why we need a digital euro 3 Results from a public survey on the digital euro 4 The digital euro and the protection of privacy 5 Conclusion 1 Introduction Ladies and gentlemen, A very warm welcome to you all on this second day of the International Conference on Payments
