The US Federal Reserve has released its 102nd Annual Report for the year 2015.
The report includes some interesting statistics on currencyThe money used in a particular country at a particular time, like dollar, yen, euro, etc., consisting of banknotes and coins, that does not require endorsement as a medium of exchange. More and coinA coin is a small, flat, round piece of metal alloy (or combination of metals) used primarily as legal tender. Issued by government, they are standardised in weight and composition and are produced at ‘mints’. More (p. 96).
The report also mentions that in 2016, the Federal Reserve will pursue the deployment of a new cashMoney in physical form such as banknotes and coins. More automation platform – CashForward – that will replace legacy software, to better meet the cash industry’s needs and facilitate business continuity and contingency planning.
