Every euro banknote bears the signature of the institution’s president. Most currently in circulation carry that of Mario Draghi, whose term ended last month. Lagarde said that 79% of transactions in the eurozone are conducted in cash. Those account for more than half the value of all transactions.
She said that 23 billion banknotes are in circulation - worth 1.26 trillion euros ($1.39 trillion), one-third of which is being used outside the 19-nation eurozone.