Currency managers face a highly complex and shifting environment when making future decisions regarding the cash cycle: as consumers demand more convenient digital ways to pay, transactional cash usage has declined in many nations; and yet, demand for cash has not weakened. This makes it difficult to forecast future demand for cash. The Covid-19 pandemic has only exacerbated this challenge.
Central Banking’s debut Currency Benchmark report, which covers data contributed from 34 central banks, offers new perspectives about the decisions being made by currency managers worldwide. It aims to provide policy-makers with an insight into global trends and facilitate comparison against international peers on banknote and counterfeit volumes, design choices, outsourcing arrangements and the sustainability of the cash cycle.Read the full report
A snapshot on staffing, circulation, fraud, substrates, outsourcing and climate risk
Perspectives on staffing, circulation, forecasting, fraud, substrate choice, outsourcing and climate risk
Average lifespans range from 0.6 years to 20 years, with number of denominations playing key role