September 2010 - Note on cash holdings and card payments during the 2010 FIFA World Cup? tournament - 2010
V V Mamba
Last Modified Date:
2020-10-01, 09:31 PM
Quarterly Bulletins > Articles and Notes
Economic activities related to the hosting of the 2010 FIFA World Cup tournament were spread over a six-year period, culminating in the month-long actual hosting of the event. The tournament month was expected to be a period of exceptionally buoyant business conditions in the retail and tourism sectors. In turn, this was expected to generate a strong increase in the demand for cash by the public, almost reminiscent of the elevated demand for notes and coin generated by the changeover to the year 2000 (Y2K). This note investigates developments in the holdings of banknotes and coin in circulation, and in card payments at the time of the football tournament.