Special Note: Bank notes in the hands of the public (F3)
View all Special Notes related to the Bank notes in the hands of the public (F3).
2020: The cash in circulation figure published as at Wednesday 25 March 2020, involved a very significant uplift from 2019. This was caused by an unprecedented demand for cash from system participants (banks, retailers, the public) in the days leading up to the COVID-19 pandemic lockdown in New Zealand, which commenced at 11.59pm on 25 March 2020. It is expected a large portion of this increase will be returned to the Reserve Bank once the pandemic is over.
2019: Following a review of published 2019 data (in 2020), it was noted the 2019 data was not from the correct date in March (Wednesday 27 March 2019), but was from an April date and included increased cash issued in advance of Easter 2019. This resulted in total cash in circulation being overstated by $238.452m, which has now been remedied.