Cash
Croatia and Montenegro to begin cash swap programme
Central banks sign MoU to exchange damaged euro notes from Montenegro for undamaged ones from Croatia
European central banks taking more active role in cash cycle
Roundtable hears how fears over moral hazard are being set against need to preserve cash infrastructure
Riksbank: everyone should be able to pay in cash
Bank welcomes government report calling for payments in physical currency to be facilitated
UK government ‘must act against decline in cash acceptance’
Parliamentary committee suggests firms could be made to accept cash to protect those who rely on it
Tracking the changing cash cycle: a global analysis
Antti Heinonen highlights sharp declines in note-return frequency and destruction rates
Rewriting the monetary balance sheet
Biagio Bossone and Massimo Costa write that a new accounting approach is needed for central banks and commercial money in the digital age
Iran’s central bank increases daily cash withdrawal limits
Move anticipates increased consumer spending over Persian New Year, despite ongoing economic crisis
The interest rate dilemma in an uncertain world: a balancing act
Biagio Bossone makes the case for a holistic policy approach that includes extending IT tolerance bands, smart fiscal policies, supply-side reform and financial safeguards
Eurosystem sees small rise in counterfeiting over 2024
€20 and €50 notes remain the most popular denominations to replicate
Nigerian central bank to cap fees for ATM withdrawals
Move meant to curb rising costs of withdrawals
Libya to issue new banknotes
Central bank announces plan for five, 10 and 20 dinar bills amid continued cash shortage
Finland’s fintech head on retail CBDCs versus instant payments
Payments unit leader Aleksi Grym discusses overlaps and synergies for retail CBDCs and instant payment systems in Finland and the eurozone
Accounting for banknotes
Three leading experts on central bank finances debate the appropriate treatment of currency
CNB’s Aleš Michl on tackling inflation, Friedman’s legacy and ditching DSGE
The Czech governor speaks about policy mistakes, targeting M2, diversifying into equities and gold, building new models and ending interest payments on minimum reserves
Majority have privacy concerns over CBDC – RBNZ survey
Findings show access to physical cash still important; private sector not meeting payment needs
Banknotes: October to December 2024
A round-up of news and salient issues that have affected central bankers in the past three months
Bank of England to review UK clearing rules
Broader collateral set and greater margin transparency could be adopted from Emir 3.0, but not active accounts requirement
Currency Benchmarks 2024 – model banks analysis
Data highlights differences in cash management between central banks
Currency Benchmarks 2024 – executive summary
Data sheds light on banknote design features, access to cash policies and cash cycle management
Currency Benchmarks 2024 report – securing cash payments
As transactional cash use falls, many central banks are adopting policies to safeguard cash access
E-krona adviser on offline trials, legislative changes and rollouts of CBDCs
Sveriges Riksbank’s Johan Schmalholz speaks about latest CBDC developments on sidelines of Central Banking’s Windsor training series
Most central banks forecast cash demand over one to three years
Median central bank expects 5% increase in cash in circulation in 2024
G+D dominates central bank note sorting
Giesecke+Devriant’s BPS M7 machine is very widely used among central banks
Nearly half of central banks have access to cash policy
High income countries slightly more likely to maintain access to cash policies