Central Bank Policy on Currency Fitness and Withdrawal

The central bank is the sole issuer of the nation's currency and is responsible for ensuring the quality, integrity, and public acceptance of banknotes and coins. This specialized course examines the policy framework, operational procedures, and technological challenges associated with managing the **Currency Life Cycle**, with a focus on **fitness standards** and the strategic **withdrawal** of old or unfit currency. Participants will gain expertise in cash demand forecasting, counterfeit detection, quality control mechanisms, and the crucial public communication strategies required to maintain confidence in the national medium of exchange in an evolving digital landscape.