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Banknotes in Circulation - Still Rising: What Does This Mean for the Future of Cash?
In a speech to the Banknote Conference 2009 in Washington DC, Andrew Bailey - Executive Director for Banking Services and Chief Cashier - discusses recent trends in the demand for banknotes and the implications for the future of cash use, and some of the key challenges the Bank of England faces in managing the circulation of its banknotes.
Published on
06 December 2009
He describes the apparent 'paradox of banknotes' - the increasing value of notes in circulation alongside their gradually declining use as a means of payment.
Press release