RBA opened banknote contingency site during pandemic

Australian dollars in a vice

The value of banknotes in circulation as a proportion of GDP in Australia reached a historic high in the year to February 2021, the Reserve Bank of Australia said.

The RBA opened its banknote contingency site during the Covid-19 pandemic to ease pressure on its wholesale banknote distribution system.

Banknotes in circulation grew 17.1% over the year to February 2021, the RBA said in its quarterly bulletin, published on March 18. The total value reached A$97.3 billion ($75.2 billion), or 4.9%

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 [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

If you already have an account, please sign in here.

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: