Few central banks use big data tools to forecast currency demand

Forecasting is very common, while few expect big changes in currency needs for 2023

Almost all of the central banks in the Currency Benchmarks 2022 forecast future public demand for currency. Thirty-two of the central banks in the sample undertake currency forecasting. However, of these, only six used big data tools to make their projections (one did not answer).

Of the 32 respondents that said they forecast demand, 18 provided figures for projected cash demand for 2023. On average, these 18 central banks expected an increase of about one-sixth in demand for banknotes.

Two of

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

If you already have an account, please sign in here.

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: