Banknote Developments at the Global Level: An Annual Update
October 28, 2019
In its recent publication (‘The Cash Industry in Transition’), Currency Research makes the argument that the next decade, 2019–2029, will be one of dramatic worldwide change for the cash and payments industry. Some impacts of the changes in the payments landscape, like the decreasing share of cash in transactions, have been evident already a while, and have been confirmed in the payment studies conducted by several central banks. Also the interest in digital currencies among central banks has increased worldwide simultaneously with concerns regarding cybersecurity.