Smaller banknote denominations have shorter lifespan
High income central banks produce longer-lasting cash
Banknotes denominated in lower values have a shorter lifespan than bills with higher purchasing power, data from the Currency Benchmarks 2024 reveals.
Central Banking received data on up to eight different denominations. For the purpose of this analysis, the data was classified into two groups. Smaller denominations range from 1 to 3, while banknotes with higher values range from 4 to 7. Just one jurisdiction has an eighth denomination – the only low income respondent in the sample.
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