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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A long road to recovery

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

[/fusion_builder_column] A few days ago I wrote of the news that Australian Dollar banknotes on issue at the end of June 2020 reached a new record high of $90.1 billion, an increase of just over $2billion on May 2020 and more than $10 billion higher than at the end of June 2019, that’s a 12.6% year on year increase. Despite the time lag – the payments figures just reported by the Reserve Bank of Australia are for activity in the month of May – the stellar cash circulation figures contrast starkly with the much weaker cash transaction numbers. Cash use in Australia has a long and uncertain road to recovery. This can also be said of other payment methods, as well as the wider economy. So where has all the money gone? It is a complex picture, but the disconnect between what is on issue and what has been spent, suggests that cash in circulation is not really circulating, but more [...]

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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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