Global Developments in Coins v Banknotes

We have recently read that the US Treasury has confirmed that the production of US one cent coins will stop once the stocks of blanks have been used up. Respectively, on the other side of the Atlantic, the German National Cash Forum advocates rounding up or down to the nearest 5 euro cent for cash payments in Germany.

It even proposes that the rounding rule (applied from the beginning in Finland) should be applied across Europe as uniformly as possible. Cash means both notes and coins. Therefore, the monitoring of both is important to the future of cash.

Another stimulus to this article are the regular updates on the global demand for banknotes. The data is sometimes limited to the total value of cash in circulation and no information is readily available on notes and coins individually. Hence, it is appropriate to dig deeper into the statistics on coins for better understanding.