In recent months, Spain faced two major crises: a devastating DANA storm on October 29, 2024, and a widespread power blackout on April 28, 2025. The DANA caused severe flooding in eastern Spain, particularly in Valencia, resulting in approximately 220 fatalities, destruction of homes, and major disruptions to economic activity, infrastructure, and cash access. In contrast, the blackout affected a broader area, including Portugal, but had milder consequences and shorter recovery time.

Both events tested the resilience of institutions, especially the central bank and financial sector. Crisis Committees ensured early and continuous monitoring, effective coordination, and rapid information exchange. A key priority was maintaining access to cash, with strategies tailored to each scenario. The DANA required restoring damaged access points and processing large volumes of water-damaged currency, while the blackout focused on national payment systems and operational continuity.

Key lessons include the need for strong coordination, monitoring cash demand, and ensuring the cash cycle can respond effectively during crises. These events also highlighted the importance of keeping cash available in emergencies.