Gisekke and Diffrent, the international leader in currency printing, has predicted that banknotes will not disappear from day-to-day trading in the foreseeable future, despite digitization, as paper pulp production in Europe and other parts of the world continues to grow.
"The banknotes have not retreated, the volume of their production is still growing slightly, production in Europe is still rising, especially in Eastern Europe, and rising strongly in Africa as well," said Ralf Winterbergst, chairman of the company.
Wintergurst said China's paper currency production was stable at least, despite the dominance of push-through smart phone applications such as Wei Chath and Alibai. "We are also not seeing a decline in production," he said.
Even for the eurozone, paper-bank production remains high. According to the ECB's statistics, Wintergurst said that the number of euro-zone notes traded in the region at the end of last year was 21.4 billion, three times higher than the euro Cash in 2002.
Gisekke and Diffrent supplies currency and currency security technology to 150 countries. The company also produces payment cards, insurance and encryption technologies for automatic exchange machines and electronic payment systems.

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