The harsh note handling environment – the challenge to our banknotes

The harsh note handling environment – a challenge to our banknotes

By CBSI Media

Article No. : 04/2019

The “harsh note handling environment” has a major impact on banknote performances, notes that are expected to be out in circulation for 6 months does not make it that far.

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Key Statistics

Inflation
(September, 2024)	4.0%
GDP 2022 Actual (Source: SINSO)	Constant Price: 2012
Real GDP	SBD$ 10,894.6m
Nominal GDP	SBD$ 12,774.5m
Real GDP Growth	2.4%
Foreign Reserves
(October 2, 2024)	SBD $5,585m
Interest Rates (June, 2024)
Deposit Rate	0.46%
Lending Rate	8.23%
Money Supply
(October 23, 2024)	SBD $5,937m