Source: Calculations from the Federal Reserve Bank of Atlanta, https://www.frbatlanta.org/chcs/wage-growth-tracker. 2017  2018  2019
Hence, it is important that central banks approach and treat cash management with the same diligence as they treat their monetary and financial stability mandates, as it does not stand separate from those mandates, but in fact is a key component of those mandates. Central Banks are continuously confronted with new developments in the design, production, circulation and destruction of banknotes.