Denmark, where cash is seldom used, is set to withdraw 1,000 crown (approx. €134) notes, its largest denomination, from circulation by May 2025.
“With the evolution of Danes' payment habits, the 1,000 crown note is no longer necessary," Christian Kettel Thomsen, the director of Nationalbanken, said on Thursday.
In the Scandinavian country, just 10% of payments in stores are made in cash - already half as much as in 2017.