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Euro banknotes and coins in France in 2017: continued robust demand
[La monnaie fiduciaire en France en 2017 : une demande toujours dynamique]

Author

Listed:
  • Élodie NINLIAS
  • Ghjuvanni TORRE

Abstract

The demand for banknotes and coins in the euro area remains robust despite changes in consumption patterns and the development of new payment instruments that contribute to a reduction in cash use. Consequently, the total value of euro banknotes and coins in circulation worldwide increased by 4% year-on-year.In 2017, the Banque de France produced 1.1 billion banknotes on behalf of the Eurosystem. Coins are minted by the Monnaie de Paris and production in 2017 amounted to 710.8 million units. Through its network of cash centres, the Banque de France maintains the quality of banknotes and makes them available to the public via cash industry professionals, particularly cash-in-transit companies (CITs). It is also responsible for putting euro coins into circulation and withdrawing them on behalf of the French state. In 2017, CITs withdrew 6.4 billion banknotes and 1.5 billion coins from the counters of the Banque de France and the Institut d’émission des départements d’outre-mer (IEDOM – the French overseas departments’ note-issuing bank).

Suggested Citation

  • Élodie NINLIAS & Ghjuvanni TORRE, 2018. "Euro banknotes and coins in France in 2017: continued robust demand [La monnaie fiduciaire en France en 2017 : une demande toujours dynamique]," Bulletin de la Banque de France, Banque de France, issue 218.
    • Handle: RePEc:bfr:bullbf:2018:218:02
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    JEL classification:

    • E5 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit
    • E50 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - General

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