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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
Richard Finlay, Andrew Staib and Max Wakefield
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
Richard Finlay, Andrew Staib and Max Wakefield
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
Richard Finlay, Andrew Staib and Max Wakefield
$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
Richard Finlay, Andrew Staib and Max Wakefield
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
Richard Finlay, Andrew Staib and Max Wakefield
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
Richard Finlay, Andrew Staib and Max Wakefield
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
Richard Finlay, Andrew Staib and Max Wakefield
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
Richard Finlay, Andrew Staib and Max Wakefield
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