According to the Bank of Korea (BOK), last year it withdrew and disposed of 474.89 million damaged or contaminated banknotes, amounting to a total value of KRW 3.3761 trillion won, a 1.9% reduction over the previous year. The disposal of these notes is part of its ongoing efforts to maintain the integrity and quality of the currency in circulation, the central bank said. It also disposed of 101.53 million coins.

Biobanknote – the Colombian developer of solutions for composting banknotes and banknote waste – is planning to carry out a Life Cycle Analysis (LCA) to evaluate the manufacturing and use of banknotes compared with digital transactions, in accordance with the internationally recognised standards ISO 14067 and ISO 14040.

Mark Wind of the Dutch National Bank (DNB) reported on the sustainability work of the Joint European Tender (JET) group at the Intergraf Currency+Identity conference. This is a tangible banknote specific example of an approach to using procurement to drive change.

A new white paper examines the cash cycle from the perspective of every stakeholder, drawing on interviews and discussions with the 24 organisations that contributed to it. It contains examples and information from around the world, from small and large countries, emerging market and advanced economies and all types of stakeholder.

China Banknote Printing and Minting has been implementing a series of clean production and carbon reduction measures in the production of raw materials such as paper, thread, and ink, in order to make the production of the renminbi and other currencies more environmentally friendly.

The saying ‘made of money’ is often used as an idiom to describe wealthy people. In the case of De La Rue, its interpretation of the term under its new #madeofmoney campaign is literal – namely, consumer items that are made out of recycled polymer banknote waste.

Intergraf is best known in the banknote community for its biennial Currency+Identity conference and for its certification scheme for security printers. But it provides a range of services and tools for the broader print industry, two of which have relevance to banknote printers.

Austrian-based film and foil specialist Hueck Folien, a leading supplier of security threads and foils for banknotes, is taking a number of steps to put its products at the forefront of sustainability and reach its goal of ecologically-neutral production by 2035.

Researchers at Griffith University of Australia have investigated the representation of native fauna on banknotes to identify geographic hotspots and taxonomic patterns, and determine whether threatened and endemic species were more readily represented.

In an age where consumers, companies and central banks are seeking to reduce raw materials use and close the loop on waste, banknote recycling has never been more important.