At the same time, though, it is likely that banknotes will continue to play an important role in the Australian payments landscape for many years to come. For many people, and for some types of transactions, banknotes are likely to remain the payment instrument of choice.2  2.
Indeed, if global integration is to continue, it is essential to design and implement policies geared towards the effective mitigation of the associated annual growth rate. See Constantinescu, C., A. Mattoo, and M. Ruta (2017): “Trade Developments in 2016: Policy Uncertainty Weighs on World Trade”, World Bank Global Trade Watch, February.