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Cross-border liquidity
A significant share of the 81 central banks that responded to the reserve benchmarks do not have access to a cross-border liquidity line in any major currency. Dollar lines are the most common, but even here close to 60% of central banks are excluded.
The benchmarks this year include data on both swap lines and repo. The data shows that while US dollar and euro liquidity is almost evenly split between swaps and repo, renminbi liquidity is exclusively offered through swap lines.
One-fifth of EMDE central banks actively discourage cash use
Digital payments are reducing cash demand, especially in advanced economies
Reserve Benchmarks 2026 – model banks analysis
Additional data breakdowns shed light on AI use, liquidity lines and FX interventions
Volume of cash in circulation averages less than 5bn notes
Proportion of payments made using cash averages 40% in past year
Printworks owners have seven times more cash staff
Currency departments generally more satisfied with non-staff resources than staffing