If the excess liquidity is still held after the uncertainty in the financial markets declines, the likelihood of the abundant liquidity being used to purchase goods will rise. The ECB Governing Council must therefore keep an eagle eye on monetary expansion so as to be able to stop higher inflation rates at their roots.
There is the need to ensure we issue an acceptable quality of banknotes with longevity, given our humid/tropical conditions and the frequent and rough handling of currency by the public. We also need to provide currency that enhances modern security features against counterfeiting. With continuous technological advances, we must continuously upgrade our currency to adapt to the new standards.