Currency Benchmarks 2023 – model banks analysis

Data reveals how advanced and emerging market central banks structure their currency operations

Benchmarking the currency department is perhaps the most challenging of any central bank function, as local features are critical to the number of banknotes on issue and the shape of the distribution infrastructure.

However, the model banks analysis reveals some trends about how central banks in different economic groupings go about structuring their departments and operating cash infrastructure. Advanced economies tend to pay higher salaries and operate with leaner staffing. They tend to

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