Search: denomination
RBA Glossary definition for denomination
denomination – The face value of a currency item: may be notes or coin.
Search Results
Survival Modelling
1 Dec 2015
RDP
2015-10
The specific variables included in the survival models vary across denominations (Table 7). ... The number or proportion of different denominations used in ATMs, however, is not known.
https://www.rba.gov.au/publications/rdp/2015/2015-10/survival-modelling.html
Conclusion
1 Dec 2015
RDP
2015-10
The two methods predict that the median life of Australia's banknotes spans a wide range across different denominations – 3.5 years for the $5 banknotes and up to 10 years ... 2 years for the $5 denomination and almost 11 years for the $50 denomination.
https://www.rba.gov.au/publications/rdp/2015/2015-10/conclusion.html
Back-testing the Models
1 Dec 2015
RDP
2015-10
Table 11: Age of Banknotes in Circulation. Median years. Denomination. Traditional steady state. ... Another contributing factor could be that retailers retain good quality low-value banknotes in their cash registers, whereas all high-value denominations
https://www.rba.gov.au/publications/rdp/2015/2015-10/back-testing-the-models.html
Traditional Steady-state or Turnover Method
1 Dec 2015
RDP
2015-10
In the case of the higher-value $50 denomination, the comparison is even more striking. ... As a consequence, the estimates vary considerably over time, particularly for the larger denominations.
https://www.rba.gov.au/publications/rdp/2015/2015-10/traditional-steady-state-or-turnover-method.html
‘Feige’ Steady-state Method
1 Dec 2015
RDP
2015-10
Table 4: Mean Banknote Life. Denomination. Paper 1985–91. NNS polymer 2000–14. ... Denomination. Paper 1985–91. NNS polymer 2000–14. Steady state. Feige. Steady state.
https://www.rba.gov.au/publications/rdp/2015/2015-10/feige-steady-state-methods.html
Limitations of the Steady-state Methods
1 Dec 2015
RDP
2015-10
programs, which involve the accelerated replacement (and destruction) of specific denominations in circulation.
https://www.rba.gov.au/publications/rdp/2015/2015-10/limitations-of-the-steady-state-methods.html