Search: denomination
RBA Glossary definition for denomination
denomination – The face value of a currency item: may be notes or coin.
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Where's the Money? An Investigation into the Whereabouts and Uses of Australian Banknotes
1 Dec 2018
RDP
2018-12
By denomination, the vast majority of the value of outstanding banknotes – 93 per cent as at June 2018 – is accounted for by the $50 and $100 denominations, split roughly evenly between ... $50 and $100 banknotes, relative to the average life of the
https://www.rba.gov.au/publications/rdp/2018/2018-12/full.html
Appendix B: Banknote Life Calculations
1 Dec 2018
RDP
2018-12
For the higher denominations, denoted H, the total outstanding includes both the transactional and non-transactional banknotes. ... We assume that only transactional banknotes are destroyed, and that the average life of the transaction stock of higher
https://www.rba.gov.au/publications/rdp/2018/2018-12/appendix-b.html
Cash Used in Legitimate Transactions
1 Dec 2018
RDP
2018-12
$50 and $100 banknotes, relative to the average life of the lower denominations, divided by the average life of the higher denominations, gives the estimated share of non-transactional high-denomination ... banknotes, rather than between denominations,
https://www.rba.gov.au/publications/rdp/2018/2018-12/cash-used-in-legitimate-transactions.html
Lost Banknotes
1 Dec 2018
RDP
2018-12
the estimated loss rate for these denominations will continue to gradually fall over coming years. ... This is problematic, however, for the reasons outlined above and as the real value of each denomination has changed substantially over time (e.g.
https://www.rba.gov.au/publications/rdp/2018/2018-12/lost-banknotes.html
Hoarding
1 Dec 2018
RDP
2018-12
By value, claims are roughly evenly split between $50 and $100 denominations, with relatively few claims for other denominations.
https://www.rba.gov.au/publications/rdp/2018/2018-12/hoarding.html
References
1 Dec 2018
RDP
2018-12
Flannigan G and S Parsons (2018), ‘High-Denomination Banknotes in Circulation: A Cross-Country Analysis’, RBA Bulletin, March, viewed 4 July 2018.
https://www.rba.gov.au/publications/rdp/2018/2018-12/references.html
The Shadow Economy
1 Dec 2018
RDP
2018-12
Regarding the denomination of banknotes used in illegal activities, although there is no hard data, law enforcement agencies have suggested that $50 banknotes seem to dominate. ... This is anecdotally supported by images of cash seizures released by
https://www.rba.gov.au/publications/rdp/2018/2018-12/the-shadow-economy.html
Background Data and International Comparisons
1 Dec 2018
RDP
2018-12
By denomination, the vast majority of the value of outstanding banknotes – 93 per cent as at June 2018 – is accounted for by the $50 and $100 denominations, split roughly evenly between ... As such, although this paper considers banknotes in general
https://www.rba.gov.au/publications/rdp/2018/2018-12/background-data-and-international-comparisons.html