• Currency

Currency Benchmarks 2021 report – ensuring confidence in the cash cycle

Currency Benchmarks 2021 highlight the challenges central bank currency departments faced during the pandemic. Notably, cash transactions have fallen while demand for banknotes remains strong. As a result, new forecasting tools have been utilised to help departments forecast future banknote demand. Meanwhile, the quest for greening the cash cycle continues – there is no lack of ambition around ensuring sustainability is at the heart of all central bank operations, but progress remains slow with regards to banknotes.