Currency Benchmarks 2023 report – steady as they go
Data hints cash is slowly changing from payment method to store of value
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Central Banking’s Currency Benchmarks 2023 shows patterns of gradual change in currency use and operations have continued. Trends towards a declining use of cash in payments inch forward, though analogue payments retain a large share of the market.
Some trends – such as the transition from textile to polymer substrates or banknote recycling efforts – seem to have stalled, though this may be partly due to difference between samples between
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