The Future of Central Banks in the Cash Cycle

In the March issue of Currency News™, we reported on the webinar hosted by the International Association of Currency Affairs (IACA) the previous month on ‘The Future of Commercial Bank Cash Operations’, which is part of a series on the resilience of the cash cycle.

This month it is the turn of a follow-up webinar on ‘The Future of Central Banks in the Cash Cycle’, which brought together Barbara Jaroszek, Director, Cash and Issue Department, National Bank of Poland (NBP), Mary Anne P Lim, Assistant Governor, Bangko Sentral ng Pilipinas (BSP), and Koen Thuis, Head of Currency Policy and Oversight, De Nederlandsche Bank (DNB).

The webinar addressed how the role of central banks is changing as cash usage patterns shift, commercial banks reassess their economics, and geopolitical and operational risks sharpen the public’s need for a resilient ‘cash fallback’.

Moderated by Richard Wall, Chairman of IACA, the session started from the assumption that central banks are stewards of the cash cycle irrespective of the precise legal mandate in each jurisdiction.