independent specialist consultancy, research and project management for the currency and payments industry
the blond groupis 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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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 $96.5billion 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.As previously reported, this growth has been predominantly in high value banknote denominations, [...]
We provide a comprehensive range of strategic and operational services across the currency and payments industry. Read more about Our Work.
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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Cash Management Companies
Governments, Payments Bodies & Schemes
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