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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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Not dead yet, the ups and downs of cash and other payments.

Set against the profound health and economic consequences of the global COVID-19 pandemic, the Reserve Bank of Australia’s reporting that at the end of April Australian Dollar currency in circulation hit a new all-time high, in part fuelled by a large jump in Australian Dollar $50 and $100 banknotes issued at the end of March 2020.  In fact, in the month of March currency in circulation grew by $2,200 million, the 15th largest single monthly rise on record and the highest (by value) March increase ever. Growth in April was also strong, with a further net increase in notes on issue of $372 million, but news just out shows that, despite a widespread shut down of the Australian economy, banknotes continue to flood out of the Central Bank’s doors with total currency on issue growing by a further $2,383 million in May to a new record high of just over $88 billion. [...]

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