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the blond group is an independent specialist consultancy, research and project management practice focused on shaping strategic thought and executing operational change in the cash handling and payments world.

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The Journey Continues (with bumps on the road!)

Categories: Currency, Payments|Tags: , , , |

During the year I have reported on several of the monthly statistical updates provided by the Reserve Bank of Australia.  With the data for September 2020 just published, I thought it timely to update the earlier numbers and see what sense can be made of the data. Turning to cash first, the dual role of currency both as a store of wealth and means of payment has never been more apparent, as the numbers that report cash on issue and cash use remain dramatically different. Headline cash on issue – perhaps a better term than cash in circulation, as clearly large volumes of cash are being held and not circulated – continue to break month on month records, with the value of Australian Dollar banknotes reaching almost $99.5billion at the end of October 2020, a more than $13billion (16%) increase since the onset of the COVID pandemic in Australia at the end of February 2020 and a near $17billion (21%) increase since October 2019. [...]

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With over twenty five years industry experience, we have successfully delivered advice and effective solutions to industry stakeholders in more than thirty countries worldwide.
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