Central Banks and Cash Round-Up

With the abundance of central bank annual and financial reports being published each month, we will focus from now on a region/continent per Currency News™ issue. This month we look at Europe, and the annual reports of some Eurosystem central banks, as well as the central banks of Albania, Denmark, Kosovo and Hungary.

Central Bank of Albania (CBA)

Banknotes: as of end 2022, around 161 million notes were in circulation worth around ALL 394.7 billion, an increase of 4.9% in volume terms and 6% in value terms.

100 million banknotes were processed and checked for authenticity and fitness for recirculation. The sorting rate was 20.7%, compared to 19% in 2021. The banknote circulation coefficient for 2022 was 0.66, implying that a banknote is returned to the CBA on average less than once a year.