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Journal:   JOURNAL OF MONETARY AND BANKING RESEARCHES   WINTER 2016 , Volume 8 , Number 26 ; Page(s) 499 To 520.
 
Paper: 

A Model For Optimal Currency Distribution In Iran

 
 
Author(s):  Assadzadeh Ahmad, Khandan Mehdi, Ajali Majid
 
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Abstract: 
Despite the explosive growth of electronic payment systems, banknotes and coins still play an important role in retail payments. Optimal combination of currency has significant impact on cash payment system efficiency and reduces costs of production and distribution of currency. This paper aims to optimize the ratio of each denomination in the combination of banknotes and coins. To achieve this objective, the allocation of banknotes and coins in retail prices of goods and services consumed by households is used inspired by the greedy algorithm in MATLAB software environment. The results show that economy needs more low value currencies. In order to economic performance and to prevent losses a model for optimal distribution, larger note and new denominations issuance have been proposed.
 
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APA: Copy

ASSADZADEH, A., & KHANDAN, M., & AJALI, M. (2016). A MODEL FOR OPTIMAL CURRENCY DISTRIBUTION IN IRAN. JOURNAL OF MONETARY AND BANKING RESEARCHES, 8(26 ), 499-520. https://www.sid.ir/en/journal/ViewPaper.aspx?id=571640



Vancouver: Copy

ASSADZADEH AHMAD, KHANDAN MEHDI, AJALI MAJID. A MODEL FOR OPTIMAL CURRENCY DISTRIBUTION IN IRAN. JOURNAL OF MONETARY AND BANKING RESEARCHES. 2016 [cited 2022May25];8(26 ):499-520. Available from: https://www.sid.ir/en/journal/ViewPaper.aspx?id=571640



IEEE: Copy

ASSADZADEH, A., KHANDAN, M., AJALI, M., 2016. A MODEL FOR OPTIMAL CURRENCY DISTRIBUTION IN IRAN. JOURNAL OF MONETARY AND BANKING RESEARCHES, [online] 8(26 ), pp.499-520. Available: https://www.sid.ir/en/journal/ViewPaper.aspx?id=571640.



 
 
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