G&D | Fit for People and Machines



Fit for People and Machines

The life of a banknote

From cradle to grave

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Quality and demand

External and internal qualities

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A journey through time

Simulated circulation looks to the future

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The lifespan of money

In parts 1 and 2 of our series “The Future of the Cash Cycle,” we showed how an intelligent step forward can reduce cash handling work by up to 30 percent, and examined the opportunities that remote service offers for banks and cash centers. In the third part, we look at the different demands on banknotes around the world, and how their lifespan is predicted using a new method.

How long a banknote lasts is very dependent on how the public handles it. There are regional as well as cultural differences here. Whether people mostly carry their money in a wallet or keep it loose in their pockets has a major impact, for example. Overall handling throughout the cash cycle, ATM dispensing, frequent sorting by automated systems, and being passed from hand to hand multiple times a day all also leave tracks on a banknote’s surface.

It is not only where it is kept and how it is handled that plays a decisive role in determining the lifespan of a banknote. Environmental influences also have a considerable impact on banknote “fitness.” This means that in subtropical climates, there are different demands on banknote material and resilience than in the cooler north. Banknote quality can be optimized for the needs of a given country by tailoring the combination of substrate, printing methods, and finishing technology. This is essential not only for the population, but also for the machines that count the notes and test for authenticity.

The actual lifespan of a banknote and the point when it must ultimately be replaced can be determined by laboratory tests. A circulation algorithm developed by G&D simulates the wear and tear on banknotes in circulation and is therefore a reliable tool for this purpose.


“The Future of the Cash Cycle”

Remote service in banknote processing



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