Cash payments average over 30% of transactions in 2023
No pressures on number of printed banknotes, central banks say
The proportion of payments made in cash across jurisdictions participating in the Currency Benchmarks 2024 averaged over 30% in the past year.
Central Banking received data from 21 respondents. The share of payments made in cash across their countries averaged 36.2%. In the 2023 benchmark, cash transactions averaged 40.6% among central banks that disclosed data.
The average share of cash payments is higher among middle income countries. Cash payments in high income nations averaged 34.4% in 2023
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe
You are currently unable to print this content. Please contact info@centralbanking.com to find out more.
You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@centralbanking.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@centralbanking.com
More on Currency
Half of upper-middle income banks plan banknote issue in next year
Total number of banknote denominations in circulation averages under 10
Currency Benchmarks 2024 Charts
Take a deep dive into the Currency Benchmarks charts, which have just been released for 2024.
Average cash values rise more than volumes year on year
Value of banknote pieces in circulation rises by over 30% on average
Currency Benchmarks 2023 – model banks analysis
Data reveals how advanced and emerging market central banks structure their currency operations
Currency Benchmarks 2023 report – steady as they go
Data hints cash is slowly changing from payment method to store of value
Middle income countries recall highest volume of worn banknotes
High income jurisdictions remove notes with the highest average value
Banknote recycling remains limited at most central banks
Just a few institutions track carbon footprints of banknotes
Banknotes rarely portray current monarchs or presidents
Central banks favour other historical figures, but few institutions feature people from minority groups