The world's biggest banknote printer, De La Rue, will cut production as demand for paper banknotes falls.
Despite the internet and e-mail, the demand for paper-based communications shows no sign of diminishing.
Weyerhaeuser has been closing plants to cope with a decline in demand for paper used in boxes, magazines and books.
Demand for wood is high, and, despite the "paperless" Internet, demand for paper products continues to grow.Nonetheless, independent loggers have seen their margins plummet in recent years.
These marginal producers have long made it hard for bigger groups to avoid price wars when demand for paper has fallen.
(Moreover, the demand for paper currency can rise during a financial crisis, as it did in 2008, because people sought to withdraw their money from the banks).
Booming demand for paper, pens, notepads and diaries is revealing the stationery geek in us all, and defying the touch-screen age of instant communication.
The Worldwatch report goes on to claim that because of soaring demand for paper, "Canada is losing some 200,000 hectares of forest a year".
There's another important difference between bills and coins: Coin production tracks the American economy much more closely, because the demand for coins is almost entirely domestic, while the demand for paper currency comes mostly from overseas.
