Norges Bank reveals methods used to monitor banknote quality
New system weights variables to define which banknotes are ‘fit’ for circulation
Norges Bank has developed and implemented a system for assessing the quality of banknotes - spelling out the details in a forthcoming report seen by Central Banking.
Written by members of the cashier's department, the report underlines the importance of maintaining a certain quality of banknote in circulation. It presents an index used for determining when a note is no longer fit for purpose.
"If the quality of banknotes circulating in the economy is poor, it weakens their effectiveness as a
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