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Catch Me if You Can – ECB Reports on Cash and COVID

A new report published last month – ‘Catch Me (If You Can): Assessing the Risk of SARS-CoV-2 Transmission via Euro Cash’ – by the European Central Bank (ECB) sought to answer key questions such as, how long do coronaviruses remain infectious on banknotes and coins? Is it possible to become infected through contact with cash?

COVID-19 - August 31, 2021 midnight

A Busy Year for the RBI

The Reserve Bank of India (RBI) has published its 2020/21 Annual Report which saw a small rise in demand for banknotes and the RBI continuing with its programme of developing how it does its business.

Studies-Reports - June 29, 2021 midnight

Defining Minimum Visual Quality Standards: Malaysia’s Approach

It is a challenge to introduce minimum quality standards for banknote fitness. There are a number of good examples of how to manage machines that handle banknotes, whether in a cash centre or elsewhere, the European Central Bank being an example. But reaching those who handle and work with cash without the benefit of machines is more difficult.

Studies-Reports - June 29, 2021 midnight

Bank of England Annual Report – Banknotes Increase, Counterfeits Fall

The week before the issue of the new £50, the Bank of England published its annual report for 2020/21, which showed an increase in notes in circulation of £10.3 billion (14%). It credited this increase to the launch of the new polymer £20 note in February 2020 and the pandemic. These figures are quite a contrast to the Reserve Bank of India’s annual report, also issued recently, which saw a 7.2% increase.

Studies-Reports - June 29, 2021 midnight

The Paradoxical Development of the Usage of Cash: a Global Update

The lockdowns and travel restrictions caused by the pandemic have had a great influence on retail shopping and payment habits. Besides the increase in online shopping, the growing use of contactless and mobile payments media have decreased the use of cash in transactions. Several recent payment studies confirm these developments.

Studies-Reports - June 29, 2021 midnight

Banknote Security: Getting People to Pay Attention

The Bundesbank reported in August 2020 a marked increase in counterfeits where no attempt had been made to mimic the security features. There is a high level of trust in the authenticity of euro banknotes.

Counterfeiting - June 29, 2021 midnight