Money Facts #12 – 92% Electronic “money” vs. 8% Physical “money”

Money Facts #12 – 92% Electronic “money” vs. 8% Physical “money”

“People are earning and spending money without ever touching it. In fact, economists estimate that only 8 percent of the world’s currency exists as physical cash. The rest exists only on a computer hard drive, in electronic bank accounts around the world.”

Source

By today’s estimates, the balance is 95% electronic vs 5% physical “money”.