In the past decade, there has been plenty of reports on the death of cash and how a large chunk of Britons are now happy to go about their daily lives without using physical money.
Last month, we reported that one in 10 Britons are now exclusively cashless using digital wallets, contactless cards and even smart watches, while nearly a quarter of retailers no longer accept cash.
There has also been a sharp change in how we spend our money. At last count, fewer than 10 per cent of all payments are in cash with UK Finance predicting this will fall to 4 per cent by 2034.
But despite that, new Bank of England figures show continued growth in bank notes in circulation - a scenario its chief cashier, Victoria Cleland, describes as a 'paradox.'
The number of £5, £10, £20 and £50 notes is rising, suggesting people are still withdrawing cash – and there has been little slowdown in recent years.
