Recommendation 19

According to the Bank, it is not unusual for it to maintain high stocks. It told us that it is more efficient to have long print runs of each note denomination—often lasting up to a year—as short print runs require machine down time, and costly changeovers of printing plates and inks. It can therefore be a long time between print runs of the same note denomination, and in order to maintain sufficient contingencies, large stocks of each note denomination need to be maintained.47