Now we have a new set of coin, soon to be launched, the make-up and denomination of which I leave for His Excellency The President to speak to. In fact, Your Excellency’s input and guidance in this respect, have been invaluable. Since the launch of the family of banknotes in 2009, currency in circulation has increased by 35 percent.
This is attributable mainly to the P200 banknote, which is an indication of its popularity. In fact, by the end of 2013, the P200 banknote accounted for approximately 60 percent of all the paper money in circulation. As a related matter, the management of all currency is now conducted on these premises called the Cash Management Centre.