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RBI Revamps Currency Management as Coins Grow

The Reserve Bank of India (RBI) has released its circulation figures for 2023-24, documenting in its annual report that both the total value and volume of coins in circulation increased during the year – by 10.4% and 3.5% respectively.

Studies-Reports - November 25, 2024 midnight

Central Banks Report on 2023

Many central banks continue to issue their annual reports for 2023 as the year progresses – including the Central Bank of Ireland (Banc Ceannais na hÉireann) and Reserve Bank of India.

Central Bank - July 4, 2024 midnight

BSP Anchors Stability and Sustainable Growth

The tagline for the Bangko Sentral ng Pilipinas’ (BSP) Annual Report 2023 – ‘Anchoring Stability and Sustainable Growth amid Challenging Times’ – takes note of the inflationary challenges and other pressures that the Philippines faced last year.

Central Bank - July 4, 2024 midnight

Eesti Pank Plans for the Year Ahead

The central bank of Estonia, Eesti Pank, ended last year with an announcement that its Omniva coin collection campaign would continue into 2024. Although the programme had only been running for three months (as of December 2023), it had already collected around 3.3 million coins – 65% of which were 1 and 2 cent coins.

Central Bank - March 5, 2024 midnight

Spain’s Coin Circulation and Management

At the Coin Conference in Amsterdam last October, Beatriz Guia of Banco de España provided an overview of Spain’s coin circulation and management. This article is based on that presentation, with an update following the publication of the BdE’s annual report this summer.

Studies-Reports - September 4, 2023 midnight

BSP Launches Coin Deposit Machines

The Bangko Sentral ng Pilipinas has launched Coin Deposit Machines in partnership with several retailers, aiming to promote efficient coin recirculation in the country. According to the bank, the machines are ‘accessible, convenient, and efficient coin exchange facilities’.

Technology - July 7, 2023 midnight

SARB Reports on Mint Performance and New Coin Series

The Reserve Bank of South Africa runs the South African Mint as a wholly owned subsidiary. In its 2022/23 annual report it highlighted the issue of the fourth decimal coin series on 3 May 2023, the first new coin series in 34 years.

Central Bank - July 7, 2023 midnight