Central Banks and Cash Round-Up

Our periodic series of articles covering cash information in central bank annual reports is playing catch-up, particularly as it is around this time of year that a number of central banks issue their annual reports for 2024 (and in some cases, previous years).

This month, we turn our attention to Latin America (Belize, Peru, Paraguay and Ecuador) and Europe (Denmark and the ECB).

Central Bank of Belize (CBB)

The CBB has focused on strategic initiatives to improve the services that the institution offers to the country. By the end of 2023, it had completed a technology upgrade to improve the speed and quality of its operations, reporting, and analysis, as well as moving forward with the tendering of a new family of notes (which were unveiled this January).

Cash in circulation: BZ$685.5 million was in circulation at the end of 2023, an increase of 13.7% from the BZ$603.8 million reported in 2022. The most widely circulated denominations, the BZ$50 and BZ$2, accounted for 23.5% and 19.1%, respectively, of the total.