Brainstorming Cash Cycle Resilience

At the Currency Conference in May 54 members of the International Association of Currency Affairs (IACA) met to discuss how to build a resilient cash infrastructure, a highly topical subject.

Four groups discussed key topics within the subject and fed back their thoughts to the room. The topics were:

• Unpredictable development and knowledge of cash usage

• Volatility of cash demand and infrastructure needs

• Rising cost of cash operations

• Making the whole cash cycle more sustainable.

• Unpredictable development and knowledge of cash usage.

Given the sometimes volatile and unpredictable changes in cash requirements and movements, central banks need good data and understanding of what drives cash in their economy. What are the drivers for transactions and use of cash as a store of value? What role are interest rates playing at the moment? How are alternative payment methods changing cash usage?