//£50 billion in UK banknotes is ‘missing.’ Nobody has an explanation

£50 billion in UK banknotes is ‘missing.’ Nobody has an explanation

Here’s a head-scratcher: The <a href=”https://edition.cnn.com/2020/07/07/investing/square-paypal-stocks-cash/index.html” target=”_blank”>use of cash has been declining</a> for years in Britain, but demand for banknotes is skyrocketing. Nobody is quite sure <a href=”https://edition.cnn.com/2020/01/14/uk/uk-mystery-cash-bundles-solved-scli-gbr-intl/index.html” target=”_blank”>where the money is going</a>.

A group of UK lawmakers said on Friday as much as £50 billion ($67.4 billion) in cash