Most central banks plan no new banknotes in near future

Fewer than a quarter of banks plan new notes in next five years

A clear majority of institutions participating in the Currency Benchmarks 2022 have no plans to issue new banknotes for the next five years.

Five central banks (17%) will issue new notes next year. Two more (7%) in the sample of 29 institutions intend to issue new banknotes over the next two to five years. The majority of 22 (76%) institutions said they have no plans for issuances over the next five-year period.

Two of the five central banks planning new issuances in the short term said the

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