Patchy recycling processes
Less than half of central banks recycle all of their banknotes once they reach the end of their life. A further 9.4% manage to recycle more than half of unfit notes, and 6.3% recycle some but less than 50%. The remaining 43.8% do not recycle any notes. The figure is a slight improvement on the 2020 benchmark, when 48% of central banks said they do not recycle at all.
The breakdown by income groups shows that high income countries are more likely to carry out recycling initiatives. For the full breakdown, use the benchmarking service’s interactive charts to explore the data.
Data reveals how advanced and emerging market central banks structure their currency operations
Data hints cash is slowly changing from payment method to store of value
High income jurisdictions remove notes with the highest average value
Just a few institutions track carbon footprints of banknotes
Central banks favour other historical figures, but few institutions feature people from minority groups
Majority of currency departments relax pandemic countermeasures
De La Rue is most commonly used printer among respondents
Minority of institutions use big data for forecasting purposes
Duties including upholding Covid-19 countermeasures in some jurisdictions
UV ink the most common security tool used in battle against fake banknotes
Only two benchmark respondents have concrete plans to change substrate
Figure has remained stable for the last five years