New Report on Global Banknote Market Report 2012 Edition added to MarketReportsOnline.com

MarketReportsOnline.com now has the new Koncept Analytics Report "Global Banknote Market Report 2012 Edition" in its store.

Dallas, TX (prHWY.com) October 18, 2012 - Moving from barter to currency, the introduction of banknotes was the landmark development which enabled the growth of trade and commerce transcending all geographic barriers. The responsibility for the issuance of new banknotes and the destruction of the ones unfit for circulation rests with the central banks of each country. The authorities entrusted with the note issuing privilege aim to meet high standards of quality and security, and most importantly seek to ensure public confidence in the currency. The global banknote issuance has been on a continuous rise over the past years and is expected to grow further in the times ahead.

The US dollar and Euro have a great significance in the international market and will continue to gain more importance in the years to come. The banknotes in circulation have witnessed a significant growth in the recent past in most of the economies in the world. This trend will pressurize the entities involved in the manufacturing of banknotes to maximize the production of the same.

Money supply is being governed by many factors which are both macro in nature like GDP, demography, and inflation and also micro in nature such as user friendliness and safety, etc. However, the aforementioned factors may influence the money supply both positively or negatively. Further, the note issuing authorities as well as other entities involved in the process of production and supply of banknotes remain focused towards technological upgradations, which is decidedly a major favorable influence on the banknote industry. However, the industry continues to face serious challenges on account of constant growth in counterfeit currencies over the past years.

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The companies in the global banknote market operate in a highly competitive environment, with the ability to manufacture superior quality banknotes, ability to develop innovative security features, and circulation being the key factors responsible for competition in the market. De La Rue plc, Giesecke & Devrient (G&D) Group, Oberthur, Crane Currency, and Fortress Paper Ltd, among others are the key players in the global arena.

The report provides an analysis of the global banknote industry. It discusses major market trends and potential markets for banknote industry. The report also presents the competitive structure of the industry and profiles major players with a discussion of their key business strategies.

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Tag Words: global banknote market

Categories: Banking

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