In a context where the use of electronic payment instruments is rapidly becoming widespread and the use of cash is progressively declining - reaching a marginal share in some cases - citizens must continue to be able to fully exercise their choice to use cash as legal tender. Central banks are therefore called upon to ensure that cash remains generally available and accepted as an attractive, reliable, and competitive means of payment. To achieve this institutional objective (both quantitatively and qualitatively), National Central Banks (NCBs) play an active role within the national cycle to ensure adequate access to cash and a reliable, efficient, and resilient cash cycle. Fully aware of its fundamental function, NCBs also view cash as a contingency instrument to ensure the operational continuity of the payment system.
Within this framework, the following topics will be explored:
- cash demand (at both Eurosystem and national level) and the determination of banknote and coin requirements
- the distribution of cash across the territory and the monitoring of the infrastructure of cash access points
- the cash cycle, the efficiency of cash handling and management processes, the environmental footprint
- operational continuity of cash distribution and the role of cash in addressing payment system crises
- maintaining the quality of banknotes in circulation: sorting activity at Banca d’Italia and supervision of cash handlers
- banknote reliability and the fight against counterfeiting.
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