This month, our periodic series of articles covering cash information in central bank annual reports focuses on three countries in Europe, with updates from Denmark, Portugal, and Spain.

In the March issue of Currency News™, we reported on the webinar hosted by the International Association of Currency Affairs (IACA) the previous month on ‘The Future of Commercial Bank Cash Operations’, which is part of a series on the resilience of the cash cycle.

Banque de France (BdF), the Oesterreichische Nationalbank (OeNB), and Banco de Portugal (BdP) are strengthening their cooperation in the field of banknote production, building on ties dating back to 2017.

The South African Reserve Bank (SARB) has announced plans to modernise how money is circulated, accessed, and managed in the country with the largest overhaul of its cash system in decades. Through its Cash Smart Strategy (CSS), part of its Payments Ecosystem Modernisation (PEM) Programme, it intends to create a cash-management company, roll out white-label ATMs, and tighten oversight of cash distribution, aiming to make the system cheaper, safer, and more accessible.

Currency Research, in collaboration with currency practitioners from African central banks, has launched a new international research initiative to examine global cash usage trends and the future role of physical currency in a rapidly evolving payments landscape.

The focus for this month’s summary of news from central bank annual reports for 2024 and other sources is Asia, with information from Cambodia, Kazakhstan, the Philippines and Thailand.

The focus for this month’s summary of news from central bank annual reports and other sources is Central and South America, specifically Belize, Brazil and Honduras.

The focus for this month’s summary of news from central bank annual reports and other sources are Mozambique, South Africa, and the UK.

The National Bank of Belgium (NBB) has officially inaugurated its new cash centre – an environment-friendly facility from where all cash logistics for Belgium will be coordinated.