In essence, cash is a way to store and convey information: information about the purchasing power of the bearer. But cash is not the only possible way to do it. Information technology offers more and more alternatives, many of which compete in today’s marketplace. Technological development has made it possible to offer improved services and to increase efficiency in the payments industry.
These measures not only enhance the Bank’s ability to provide funds, but also foster capital markets. The Bank is also actively taking part in projects to improve market infrastructure, such as improving securities settlement systems and setting rules regarding market practices.