Mr. Gabriel Makhlouf:

We are very committed to cash. As part of the euro system, we can say that all the banks in the euro system and the Central Bank are committed to continuing to make sure cash is available, notwithstanding the fact we are also investing quite a lot of effort into thinking about a digital euro. We are not seeing that as a replacement of cash but as a companion to cash. What is interesting in Europe is how different cultures are reacting differently to cash. There are some countries where cash is disappearing fast and there are others where the reverse is happening. From the perspectives of the euro system and the Central Bank of Ireland, our job is to make sure cash is available, and then consumers can make a choice whether to use it.