Banknote volumes and values rose among most central banks

Most recent estimates show volume and value of circulating notes rising in 2022

Central banks responding to the Currency Benchmarks 2022 had an average figure of 997.5 million banknotes in circulation at the end of 2020. They reported that the circulating volumes fell to 915.2 million in 2021.

Banknote volumes grew to an average of 1.051 billion over the first part of 2022. It is worth noting that different central banks estimated this figure for several different months in 2022. Some reported their estimate from July, some from August, one from June, and several did not

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