Currency Benchmarks 2023 – executive summary

Data reveals trends in cash use, production and distribution, showing little or slow change

Central Banking’s Currency Benchmarks 2023 shows patterns of gradual change in currency use and operations have continued. Trends towards a declining use of cash in payments inch forward, though analogue payments retain a large share of the market.

Some trends – such as the transition from textile to polymer substrates or banknote recycling efforts – seem to have stalled, though this may be partly due to difference between samples between this year and last.

Cash accounted for just over two

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