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Global Banknote Industry Report: 2011 Edition
Koncept Analytics, Sep 2011, Pages: 46
Across the globe, banknote industry is an essential component of the economy and the monetary policy of each country. For the production and issuance of new banknotes and the destruction of unfit banknotes, the central banks are the responsible authority. The ultimate objective is to make sure that public has confidence in the currency so that banknotes continue to serve the purpose of being an effective payment mechanism. Although the production of banknotes has been a very secretive and protected system, the industry set-up is undergoing change from its secretive stance with the gradual opening up of the industry.
Worldwide Banknote issuance has increased over the past years and is also expected to increase in the future. US Dollar accounts for the largest banknote production. In the foreign exchange reserves also, US Dollar accounts for the largest share. The banknote circulation has seen a continuous growth in some of the world’s major economies, despite the global economic slowdown which resulted in economic crisis in many parts of the world.
Globally, the demand and production capacity of paper has increased and the same is expected in the future as well. Also the overspill print market has increased in the past years. Major players in this industry are De la Rue, G&D, Oberthur, Crane, Orelli Fussli with De La Rue being the largest player.
No doubt cash has been the preferred mode of payment, but after the development of effective electric payment mechanism, use of paper currency has been reduced to a great extent. A major issue in banknote industry is counterfeiting and the number of cases of counterfeiting has increased significantly.
The report provides an analysis of the global banknote industry. It also analyzes banknote industry of several countries like Europe, Australia, United Kingdom, United States, New Zealand and Switzerland. The report explains the various aspects involved in the production of banknotes, printing and distribution logistics model. Macro economic factors affecting growth of money supply and factors influencing currency in circulation have also been taken into consideration. Key issues in the banknote industry have been highlighted in the report. Competition prevailing in the banknote industry has also been discussed. This report profiles major players with a discussion of their key business strategies.
Also available
Global Banknote Industry Report: 2010 Edition
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