Countries may replace banknotes more frequently because of the coronavirus crisis, De La Rue chief executive Clive Vacher has said.

But some experts say the virus will speed up the decline in cash use in favour of digital payments.

Mr Vacher also said De La Rue is to end banknote printing at its Gateshead plant, putting 260 jobs at risk.

The firm plans to raise £100m as part of a turnaround plan focused on shifting to plastic notes.

De La Rue shares rose more than 4.5% following the announcements.
Can follow other matters at joker123