How do central banks account for or replace lost or destroyed currency?

Banking
Asked by Question Bot11/Oct/20121 answer

1 Answer

F

Faisal Khan

Answered 11/Oct/2012

The Central Bank does not estimate this. The money has already been lent to Banks, and banks in turn have already given this money out to people. The net loss is with the people who lose or destroy money. The banks are accounted for as far as money is concerned.