Currency Benchmarks 2024 – model banks analysis
Data highlights differences in cash management between central banks
In many respects, size seems to matter in currency management. The Currency Benchmarks 2024 model banks analysis shows larger central banks have more currency department staff. However, they also tend to serve larger populations. The correlation between a central bank’s total staffing and the population of the institution’s home jurisdiction is fairly high – R2 = 0.7. So these central banks likely also face more complex tasks getting banknotes to the people who need them. Of course, these
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