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1–6 of 6 collapsed search results for 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
Alexandra Rush
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
Alexandra Rush
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
Alexandra Rush
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
Alexandra Rush
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
Alexandra Rush
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
Alexandra Rush
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