A parliamentary report released Friday said that 50 billion pounds (about $67 billion) of paper money is “missing” from the country’s cash supply and that the Bank of England “seems to lack curiosity” about where it’s all gone. “It is the responsibility of the Bank of England to meet public demand for bank notes. “Members of the public do not have to explain to the Bank why they wish to hold bank notes. This means that bank notes are not missing,” the bank’s statement said. The value of paper (and polymer) bills in circulation in Britain hit a record high in July of 76.5 billion pounds.

Source: bd News24 December 04, 2020 16:18 UTC