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Cake day: June 25th, 2023

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  • They explicitly state that the digital euro is not here to replace cash:

    Q3. Would a digital euro replace cash?

    No. A digital euro would complement cash, not replace it. A digital euro would exist alongside cash in response to people’s growing preference to pay digitally, in a fast and secure way. Cash would continue to be available in the euro area, as would the other private electronic means of payment currently being used.