Annual Report 2010 03 August 2011 - Banka Qendrore e ...
Annual Report 2010 03 August 2011 - Banka Qendrore e ...
Annual Report 2010 03 August 2011 - Banka Qendrore e ...
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<strong>Annual</strong> <strong>Report</strong> <strong>2010</strong><br />
CBK<br />
The cash export and import situation during the recent years are depicted in the two<br />
figures above.<br />
Figure 56. Number of outdated banknotes<br />
withdrawn from circulation (number of pieces)<br />
Figure 57. Proportion of outdated banknotes<br />
from the total received ones<br />
14,100<br />
24,500<br />
11,200<br />
21,300<br />
101,000<br />
167,000<br />
187,800<br />
350,000<br />
1,160,000<br />
854,000<br />
1,196,000<br />
889,000<br />
1,108,100<br />
908,000<br />
4.45%<br />
7.16%<br />
7.09%<br />
11.45%<br />
7.57%<br />
11.80%<br />
4.85%<br />
8.17%<br />
45.42%<br />
32.43%<br />
48.86%<br />
36.24%<br />
88.93%<br />
68.32%<br />
500 euro 200 euro 100 euro 50 euro 20 euro 10 euro 5 euro<br />
2009 <strong>2010</strong><br />
Source: CBK (<strong>2011</strong>)<br />
500 euro 200 euro 100 euro 50 euro 20 euro 10 euro 5 euro<br />
2009 <strong>2010</strong><br />
Source: CBK (<strong>2011</strong>)<br />
The cash operations kept being executed through modern processing equipment and in<br />
compliance with standard rules. All the cash received by commercial banks and other<br />
institutions are processed and classified in accordance to the extent of their age. During the<br />
year, around 3.2 million euro banknotes (25 percent of deposited euro banknotes number)<br />
were classified as outdated and were excluded from the circulation by being remitted<br />
towards the central Euro-zone banks. Such capacity of considerable outdated euro<br />
banknotes excluded from circulation has evidently contributed to the improvement of the<br />
quality of cash in circulation in the Republic of Kosovo. Banknotes that mainly were<br />
classified as highly outdated and were excluded from circulation were those of<br />
denominations 20, 10 and 5 euro, due to their higher circulation in the economy.<br />
Figure 58. Supply of new banknotes<br />
(number of pieces)<br />
Figure 59. Proportion of new banknotes<br />
induced in circulation from the total supplied<br />
0<br />
0<br />
0<br />
0<br />
4,000<br />
6,000<br />
4,000<br />
20,000<br />
0.00%<br />
0.00%<br />
0.00%<br />
0.00%<br />
1.34%<br />
1.88%<br />
0.24%<br />
0.88%<br />
567,000<br />
530,000<br />
708,000<br />
631,000<br />
829,000<br />
852,000<br />
29.82%<br />
24.01%<br />
38.85%<br />
30.25%<br />
78.28%<br />
74.74%<br />
500 euro200 euro100 euro 50 euro 20 euro 10 euro 5 euro<br />
2009 <strong>2010</strong><br />
Source: CBK (<strong>2011</strong>)<br />
500 euro 200 euro 100 euro 50 euro 20 euro 10 euro 5 euro<br />
2009 <strong>2010</strong><br />
Source: CBK (<strong>2011</strong>)<br />
The quality of cash in circulation was also improved through the supply of banks and other<br />
institutions with completely new euro banknotes, which were brought from Euro-zone.<br />
During <strong>2010</strong>, CBK supplied the banking sector with over 2 million pieces of new euro<br />
banknotes (25 percent of the overall number of euro banknotes supplied). Most of the new<br />
banknotes supplied were those of low denominations (20, 10 and 5 euro), and mainly<br />
commercial banks were supplied with them aiming at equipping their ATM machines. In<br />
addition, all the used euro banknotes that were supplied were of the highest standard<br />
quality (proper quality for ATMs).<br />
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