Abstract This paper discusses a numerical planning model for the bank notes operations at a central bank. The operation of the model is demonstrated by four examples taken from the present day situation in the Netherlands. The major aim of this effort has been towards developing a new tool for the assessment of the performance of the bank note process from a central banker's point of view. Thus the thrust has been towards the description of the bank notes operations at a central bank, utilizing a comprehensive quantitative model. In a sense, this effort exemplifies long‐term corporate planning of a central bank's issue departm