Banknotes
Liberian central bank publicly burns outdated currency
Move aims to rebuild public trust after long-running “missing banknote” controversy
How Afghanistan’s central bank can help prevent famine
Rules could be devised to allow the New York Fed to ease the acute US dollar banknotes shortage, writes Warren Coats
Currency Benchmarks 2021 – presentation
Central Banking’s currency subject matter specialist Rachael King speaks with Chris Jeffery about circulation, impact of Covid-19, forecasting, costs and resourcing, security and design, sustainability, and more
Ecuador brings in anti-theft dyes
Latin American country faces increasing crime rates including attacks on ATMs
Material world: the enduring appeal of paper banknotes
Central banks have used space-age polymers to make banknotes for decades. So why does paper remain predominant in banknote production?
RBNZ seeks to quell ‘urban myth’ over counterfeit cash
Central bank says people risk falling foul of the law as practice of “scraping” banknotes spreads
Central bank social media trends in the ‘Instagram age’
Uptake of visual social media platforms rises, as Facebook usage plateaus
BSP inks deal with Australian firm for polymer note
Note Printing Australia will produce 1000-peso banknote, circulating from next year
Cash: important for a fairer economy
One interesting economic story over the past year has been the growth in grassroots support for cash payments. Against the backdrop of the Covid‑19 pandemic and now debunked rumours that coins and banknotes could be significant transmission vectors for…
Currency Benchmarks 2021 report – executive summary
Perspectives on staffing, circulation, forecasting, note security and composition, outsourcing and more
ECB to choose new euro banknote designs by 2024
Banknote designs will be chosen by governing council, but public input will be vital
People: RBNZ chief economist to leave after 25 years
ECB appoints lead for digital euro project and new director for banknote department
Australia’s central bank to review banknote distribution model
Decline in transactional cash usage has led to excess capacity
Most currency departments operated remote working models during pandemic
Many central banks employed a split team structure to ensure critical functions were maintained
Advanced economies more likely to outsource counterfeit detection
Emerging market economies more likely to outsource distribution
Central bank currency department costs on the rise
Majority of central banks’ budgets have also increased over the past five years
Higher-denomination banknotes have longer lifespans
Median correlation was 0.9 across 22 central banks
Banknote demand forecast to rise in 2022
Median forecast percentage change was 7.6%, but ranged from -59% to 17%
Banknote forecasting with big data tools on the rise
Three-quarters of central bank currency departments yet to use big data
Emerging economies more likely to employ access-to-cash policies
Central banks split on access-to-cash policies
Raised ink main banknote feature for visually impaired
Different banknote sizes used by over 70% of respondents
Three in 10 currency departments have a climate strategy
Around half of central banks recycle banknotes but few measure their carbon footprint
North Korea issues coupons instead of cash
Experts say closing of Chinese border due to Covid-19 may have halted banknote production
Uganda’s central bank cuts banknote printing costs
Improved processing and new reissuance guidelines streamline banknote management, report says