Currency
Few central banks use big data tools to forecast currency demand
Forecasting is very common, while few expect big changes in currency needs for 2023
Banknote contagion measures reduced in 2022
Participating institutions say coronavirus has shaped currency demand
Uses of CBDC are unclear, several officials say
Officials differ over whether digital currency could increase financial inclusion
Paper-based banknotes still outnumber polymer substrates
Most banks do not plan adoption of new substrates
Cash usage drops further to an average of 42.5% across jurisdictions
Just one African institution and a European jurisdiction experience growth in cash payments
BIS and central banks say multi-CBDC platform trial was a success
Central banks of China, Hong Kong, Thailand and UAE took part in US$22 million cross-border trial
Should a CBDC really be like cash?
Electronic and physical cash are fundamentally different and must be treated as such, writes Dave Birch
Fewer central banks report climate strategy
Incineration still most common practice among institutions recycling banknotes
Educating banks is key to CBDC project, ECCB officials say
Crypto asset providers tried to take advantage of CBDC launch, deputy governor says
Central banks have fewer cash distribution centres on average
However, some have added processing facilities in last five years
Most central banks do not own their own printworks
Fewer than a quarter report operating printing plants and two-thirds say they outsource
Most central banks plan no new banknotes in near future
Fewer than a quarter of banks plan new notes in next five years
Eswatini central bank signs contract for CBDC research
Giesecke + Devrient hired as “technical consultant”
Demand for cash in turbulent times
Antti Heinonen analyses trends in cash use as Covid fades, but new shocks take its place
Independence white paper outlines possible Scottish central bank
Proposals map out “the process of establishing a Scottish pound”
Currency round-up
New notes for Paraguay, printing error for Thailand, and news from Peru, Costa Rica and Tonga
Charles III coins will circulate by end of year, says UK mint
New king will appear on 50 pence coin and commemorative issue
PBoC warns investors against renminbi speculation
Central bank seeks to shore up currency after the onshore yuan fell to its lowest against dollar since 2008
Digital dollar could reduce unbanked in US by 93% – Dallas Fed paper
Inclusion need not come at the cost of disintermediation, researchers find
King Charles to appear on Bank of England notes from 2024
Other Commonwealth central banks have made little comment on changeover