The settlements through central bank money play a critical role in the economy, since they relieve economic entities from the risks regarding payments and settlements stemming from past transactions and thereby enable them to allocate their resources to promising economic activities for the future.
Banknotes and central bank payment and settlement systems There are some differences between banknotes and central bank payment and settlement systems such as the BOJ-NET, although both are settlement infrastructures with finality provided by central banks. Banknotes are payment instruments that can be used by anyone 24/7.