EMDE central banks forecast bigger changes in banknote demand
Forecasts are both positive and negative, but the range is much wider than for AE central banks
Most central banks (92.7%) forecast future banknote demand, the Currency Benchmarks 2026 show. Emerging market and developing economy (EMDE) currency managers are marginally likelier to forecast banknote demand (95.7%) than their advanced economy (AE) peers (88.9%), and tend to predict bigger changes.
Just over half (56.1%) of all central banks make these forecasts on a horizon of one to three years. However, a significant minority of EMDE central banks look at a longer time horizon: 39.1%
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: www.centralbanking.com/subscriptions
You are currently unable to print this content. Please contact info@centralbanking.com to find out more.
You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@centralbanking.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@centralbanking.com
More on Currency
Currency Benchmarks 2026 Charts
Take a deep dive into the Currency Benchmarks charts, which have just been released for 2026
Banknote environmental impact awareness grows
Share of currency departments with a climate strategy increases to 50%
Recent banknote series show increased use of clear windows
Data reveals changing patterns in application of security features
Central banks remove over 40,000 fake notes on average
Most counterfeited banknotes detected in series issued from 2015–2020
Share of polymer banknotes continues to rise
Shift into polymer comes at the expense of varnished cotton
Volume of damaged notes withdrawn from circulation increases
Frequency of official fitness tests tends to have bearing on removals
One in five central banks to issue new banknotes next year
Third of respondents have seven denominations of banknotes in circulation
Number of banknote depots linked to cash cycle involvement
Public and private sectors jointly bear distribution costs in most jurisdictions