Cash Initiatives Around the World

In the session at G+D’s July Currency Technology Symposium on cash initiatives around the world, a number of speakers described their cash cycles and access to cash. While the Dutch National Bank (DNB) is insourcing cash processing as cash volumes fall, cash volumes in Canada are now stable and the private sector is investing and innovating. In contrast South Africa is focused on working with stakeholders to manage note quality in circulation. It too, is looking at how to protect cash.

South Africa

Pearl Kgalegi from the South African Reserve Bank (SARB) explained how there are 284 high speed sorters in South Africa. All of these need to be aligned with SARB’s quality standards.

SARB also has to manage banknote quality across the Common Monetary Area which includes Namibia, Lesotho and Eswatini. Other neighbours also use the Rand extensively. This allows the SARB to plan and forecast for broader reach.