Amount of cash carried by Koreans down 33% in last three years: Survey
Arirang News
2019-04-16
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가벼워진 지갑…3년새 보유 현금 1/3 감소
The average amount of cash Koreans carry with them is falling rapidly.
The Bank of Korea did a survey last year on 11-hundred heads of household, and over 98 percent of them said they carry cash.
But the average amount carried was around 69 U.S. dollars, down 33 percent from 2015.
The BOK attributed the decline to the rising use of mobile payment services.
The average amount of cash Koreans carry with them is falling rapidly.
The Bank of Korea did a survey last year on 11-hundred heads of household, and over 98 percent of them said they carry cash.
But the average amount carried was around 69 U.S. dollars, down 33 percent from 2015.
The BOK attributed the decline to the rising use of mobile payment services.
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