Denomination mix

From the US phasing out the penny to Germany’s push for cash payment rounding, the relationship between coins and banknotes is transforming—but coins are far from obsolete. While banknotes grow as a store of value, coins continue to play a vital role in everyday transactions, supported by smart denominational strategies and durable innovations. Explore how central banks are adapting currency structures, balancing tradition with efficiency, and ensuring coins remain essential in the diverse ecosystem of cash.

The Indian payments ordeal is not over as the Reserve Bank of India announces the emission of a new Rs 100 note. Calibrating ATMs to the new banknote will only cause another wave of cash outages.

The Central Bank of Nigeria will inject more smaller denomination notes into the economy to respond to the shortage.

The statement that large denominations are mostly used by criminals and tax evaders is unfounded as no data points in one or the other direction. Larry White gives a good overview of the current arguments for or against cash.

India introduces two smaller denomination notes: the Rs 50 and the Rs 200 in order to simplify transactions.

Unlike many countries that have recently decided to demonitise high denominations notes, Poland has recently issued its highest denomination: the 500 zloty.

In 2016, several high-denomination notes were withdrawn from circulation around the world. Other countries could follow.

Six months after the ECB decision to stop issuing €500 notes, how has demand for the euro and for the €500 evolved ?

The Central Bank of Ireland has conducted a trial to round transactions to the nearest 5 cents

The quality of banknotes in circulation has improved significantly as Central Bank clean money policy intensifies

The former President of the SNB states that "The decision to stop issuing high-denomination banknotes will receive the blessing of well-meaning souls but it will fail to meet its objective of fighting efficiently against criminality and will have negative side effects."

Going against the current trend of sacking high denomination notes, Bolivia will add a Bs500 to the new series, scheduled for 2018.