Physical currency is still necessary and relevant, says BNM deputy
Deputy governor of Bank Negara Malaysia says cash is key branding tool of central banks
Physical currency is still “necessary and relevant” and “a key branding tool” of central banks, said Abdul Rasheed Ghaffour, deputy governor of Bank Negara Malaysia.
Speaking in Kuala Lumpur on May 15, the deputy governor said physical cash has been a “powerful instrument” for central banks, as it provides a direct and tangible link to the people. Central banks can also build trust and credibility with the public via note printing.
“If we were to go completely cashless, central banks might
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: http://subscriptions.centralbanking.com/subscribe
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.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
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. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@centralbanking.com
More on Banknotes
Maximising the impact of banknote communications
Antti Heinonen highlights the ongoing evolution in how central banks talk about their banknotes
Banknotes: January to March 2024
A round-up of news and salient issues that have affected central bankers in the past three months
Central European countries see rise in counterfeiting
Danish central bank to upgrade banknotes ahead of overhaul
Book notes: Easy money, by Dror Goldberg
Interesting interpretations but hard to view 1690s Massachusetts paper as the invention of modern currency
Banknotes: October to December 2023
A round-up of news and salient issues that have affected central bankers in the past three months
Canada introduces first Charles III coins
Argentina updates 2,000-peso note; ECCB commemorative note honours cricketer; and more
ECB selects possible topics for new banknotes
“European culture” and “rivers and birds” enter final selection phase
Uganda central bank cautions against currency ‘bouquets’
Practice makes it impossible to run banknotes through ATMs and counting machines
Most read
- ECB says iPhone is currently incompatible with digital euro
- Supervisors grapple with the smaller bank dilemma
- Central bank of the year: Central Bank of Brazil