Finance Monthly - November 2021 Edition

With global attempts being made to reduce the ecological footprint, central banks’ approach to banknotes is becoming increasingly important. Whilst the vast majority of central banks, 95% to be precise, rely on cotton-based banknotes, the remaining 5% are made from other substrates, including plastic. Although plastic is said to be somewhat more durable, it is by no means sustainable. Therefore, the call for sustainability in the cash industry is becoming ever louder. However, with respect to banknote production, central banks must address the challenge of striking an optimum balance between eco-friendliness, durability – and most importantly – security. Why Cotton-Based Banknotes Play a Vital Role in the Global Journey to Net Zero SUSTAINABILITY WITHIN THE CASH CYCLE Clemens Berger - CEO of Louisenthal Finance Monthly. Bank i ng & F i nanc i a l Se r v i ce s 51