Banknote

After exceptional growth during the Covid-19 pandemic, global cash demand was negatively impacted by the return of inflation in 2022. Early figures for 2024, indicate that demand is picking up. As central banks vigorously tackle inflation, the precautionary demand for banknotes in the increasingly uncertain world will likely grow. .

After exceptional growth in banknote demand during the pandemic years, high inflation and growing interest rates have led to slower growth in 2022. But uncertainties continue to fuel precautionary demand for cash. Over 75% of currencies experienced positive growth of the value of cash in circulation.