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!)
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, [...]
Our work
We provide a comprehensive range of strategic and operational services across the currency and payments industry. Read more about Our Work.
Thought Leadership
Research
Strategy Development
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About Us
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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Central Banks
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Cash Management Companies
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Retail Sector
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