Central banks show wide variation in cash department staffing

Different staffing levels driven in part by which institutions run their own printworks

There is a wide range of different staffing levels in the cash departments at central banks, with some outsourcing a lot of cash-processing work and others keeping operations in-house.

In particular, central banks that operate their own printworks tend to have more staff employed full-time in the cash department, according to new data from Central Banking’s Currency Benchmarks 2020. There is also some evidence of a correlation to population size.

On average, the number of staff in central

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