'Digital euro will not replace cash,' Lagarde tells Euronews as negotiations advance

Christine Lagarde, the head of the European Central Bank, clarified in an exclusive Euronews interview that the digital euro is not intended to replace physical cash. This comes as the legislative process for the digital euro moves forward after extensive discussions in the European Parliament. Lagarde emphasized that the digital euro's purpose is to complement existing currency, not to eliminate cash or enable central bank surveillance of transactions. This clarification is crucial as it addresses concerns about the future of cash and privacy in the digital age.