Global Banknote Industry: An Analysis published by Koncept Analytics in December, 2008. This report consists of 48 pages and the price starts from US $ 800.
Abstract
Banknote industry is an integral part of an economy and the monetary policies
of each country. As proved by the EURO, a currency can drive economic
stability and economic and monetary integration within a region. Trying to
replicate the monetary union of the Eurozone, ASEAN plus three countries,
China, Japan and Korea are working towards bringing a common currency for East
Asia.
The banknote industry and especially the production of banknotes used to be a
very secretive and protected system. But with the gradual opening up of the
industry and private players contributing in the production system, the
industry has slightly moved away from its secretive stance. However, the
participation of private paper mills is still very small as compared to the
state owned mills. The banks are now outsourcing a large part of the
distribution and recycling of cash to the private companies, cash-in-transit
or professional cash handlers or sub-contractors. In fact, in 2012 the Euro
production system is going to open up for the private players completely,
providing a level playing field.
Apart from the competition within the private mills for contracts from the
central banks, the industry itself is facing a tough competition from the
payment cards industry. The growth payment cards are registering is
attractive, although its country or region specific, but people are shifting
towards non-cash based payments and in most countries this is even being
encouraged.
The cash distribution system as well as banknote production system is complex.
The base of banknotes is cotton and the process is quite lengthy and complex.
The cotton used for banknotes is also different from the cotton fiber used by
the textile industry. Then there are various security features which are
embedded on the substrate used for banknotes.
But the efforts to make the banknote secure are not proving very fruitful as
the problem of counterfeiting is growing globally. Therefore many countries
have now adopted polymer banknotes. These polymer banknotes are said to be
more secure, as many more security features can be added into it and it is
also much more difficult to be forged.
This report analyzes the banknote industry from different perspectives. The
report has tried to explain the various aspects involved in the production of
banknotes and the cash distribution system. The system for issue of currencies
and for monitoring the money flow in different countries has been explained.
The various security features that are used to make a banknote secure are also
discussed.
Table of Contents
1. Banknotes - Overview
- 1.1 Paper Banknote Production & Life Cycle
- 1.2 Paper Banknote Production Chain
- 1.3 Polymer Banknote Production Chain
- 1.2 Cash Distribution Cycle
2. Banknote Industry Overview and Facts
- 2.1 Selected European Banknote Industry Participants by Segment
- 2.2 Security Features 14
- 2.2.1 Widely Used Security Features
- 2.2.2 Raw Material - Paper
3. Growing Counterfeiting & Use of Polymer Notes
- 3.1 Counterfeiting Issue
- 3.1.1 European Central Bank (ECB)
- 3.1.2 Bank of Canada
- 3.2 Polymer Banknotes - Deterrent to Counterfeiters
4. Global Production
- 4.1 Banknote Production Volume
5. US Banknote Market Size
- 5.1 Currency Note Production Volume
- 5.2 Currency Note Production Growth
6. EU Banknote Market Size
- 6.1 Euro Banknotes in Circulation
- 6.2 Location of Printing Works
- 6.3 Allocation of Euro Production
7. UK Banknote Market
- 7.1 Banknote Production by Volume
- 7.2 Banknote Production by Value
8. Switzerland Banknote Market
- 8.1 Banknotes
- 8.1.1 Swiss Franc Security Features
- 8.1.1.1 Swiss Banknote Circulation
- 8.1.1.2 Banknote Circulation Value
9. Industry Demand Drivers
- 9.1 Population and Economic growth
- 9.1.1 Usage of Banknotes
- 9.1.2 Economic Growth
10. Competition
- 10.1 Competition Between Printers - EU
- 10.2 Cash vs. Cashless
- 10.2.1 Continued Shift to Card-Based Payments
11. Company Profiles
- 11.1 De La Rue
- 11.1.1 Overview
- 11.1.2 Business Strategies
- 11.1.3 Improving productivity through employee contribution
- 11.1.4 International expansion - a unique way
- 11.1.5 Attracting Customers through innovation
- 11.2 Fortress Paper
- 11.2.1 Overview
- 11.2.2 Business Strategies
- 11.2.3 Optimizing value-added production
- 11.2.4 Improving operating efficiency
- 11.2.5 Product innovation
- 11.2.6 Pursuing strategic acquisitions
- 11.3 Giesecke & Devrient (G&D)
- 11.3.1 Overview
- 11.3.2 Significant Developments
- 11.3.3 Payment Cards contract
- 11.3.4 Sesames Awards 2008
- 11.3.5 Prepay SIM Cards to T-Mobile UK Customers
- 11.3.6 Volume Production of Robust, Hot-laminated Display Cards
- 11.4 Francois Charles Oberthur Fiduciaire
List of Tables
- Selected European Banknote Industry Participants by Segment
- List of Banknote Printers
- Counterfeit EURO banknotes (2003-08)
- Denomination-wise Breakdown Counterfeits (2008 first half)
- Average Life Span of a Federal Reserve Note by Denomination
- Denomination-wise Annual US Currency Notes Production (1980-2007)
- Annual US Currency Notes Production Growth (1980-2007)
- Euro Banknotes in Circulation (2005-08)
- Euro Banknotes Issued by Eurosystem (2005-08)
- Euro Banknotes Returned to Eurosystem (2005-08)
- Euro Banknotes Net Issuance by Eurosystem (2005-08)
- Location of Printing Works Producing Euro Banknotes
- Denomination-wise Banknote Production by Bank of England, Volume (2004-08)
- Denomination-wise Issue of Banknote by Bank of England, Value (2004-08)
- Denomination-wise Issue of Banknote by Bank of England, Million (2004-08)
- Denomination-wise Stock of Banknote in Circulation, Value (2004-08)
- Denomination-wise Destruction of Banknote by Bank of England, Value
(2004-08)
- Denomination-wise Destruction of Banknote by Bank of England, Mn (2004-08)
- Denomination-wise Monthly Stock of New Banknote, Million of Notes (2004-08)
- UK Sales of Security Printing by Printers in Value (2003-07)
- Average Swiss Banknote Circulation (2007)
- Factors Affecting Growth in Money Supply
- Factors & Their Influence on Currency in Circulation
- Growth in ATMs, Number & Value of Withdrawals in UK (2002-07)
- European Banknote Paper Competitor Description
- Ratio Analysis of Francois Charles Oberthur Fiduciaire (2005-07)
List of Charts
- Banknote Life Cycle
- Paper Banknote Production Chain
- Polymer Banknote Production Chain
- Cash Distribution Organization Participants
- Currency Distribution Process
- Number of Counterfeit Notes Detected per Mn Notes (2000-07)
- Counterfeit Banknotes Detected in New Zealand (1997-2006)
- Worldwide Banknote Production Volume by Region
- Allocation of Euro Production by National Central Bank (2006)
- Swiss Banknote Circulation in Value Terms (1907-2007)
- Demand Drivers of Banknote Production
- Growth in Demand for Cash (1993-2007)
- No. of ATMs and CIC growth in Solomon Islands (2001-07)
- Mode of Payment for Value under £10 in UK (2006)
- Mode of Payment for Value over £50 in UK (2006)
- Cash to GDP Ratio (1993-2007)
- Ratio of Swiss Banknote Circulation & GDP (1907-2007)
- Nominal GDP and CIC growth in Solomon Islands (1997-2007)
- Payment Volumes Share in US (2006-11E)
- Payment Trends in UK by Transaction Volume (1998-2005)
- Sales Growth of De La Rue (2004-08)
- Sales Growth of Landqart Mill of Fortress Paper (2004-07)
