The information below relates to the 2017 Europe Cash Cycle Seminar (ICCOS) more information on the 2018 event will be available soon.
Monday, March 20, 2017
14:00 - 17:00
No extra charge. Open to Central Bank delegates only.
Among the many key responsibilities in maintaining financial and monetary stability, estabishing confidence in currency is one of the pillars of all Central Banks when determining cash strategy and policy. It is the task of the Central Bank to provide an adequate supply of high-quality banknotes and coins, thereby ensuring that cash is available at all times to meet the vast public demand.
Most Central Banks issue cash to financial institutions and at times directly to retailers, they withdraw counterfeit cash from circulation, and also replace banknotes and coins damaged and deemed unfit for circulation to ensure adherence to clean currency policies. Many Central Banks even provide additional information and advice on handling and safeguarding the banknotes by offering materials and training courses when engaging the stakeholders in the community. Within this complex scenario, costs remain a critical focus point and many factors continue to need fine-tuning and are in dire need of further efficiencies.
The following questions will be considered:
- How does the Central Bank calculate and manage the public demand for cash?
- What currency circulation model is in place and is it the optimum? What other experiences are there?
- Is your Business Continuity Planning robust? Has it been tested lately?
- What effects does the lack of circulation of coins have on issuance and planning?
- With more and more recycling in the commercial sector, how can a Central Bank control both the quality of banknotes and confidence that counterfeits are removed from circulation in a timely manner?
These topics and more will be discussed during the closed-door Central Bank Summit to be held immediately prior to the main Europe Cash Cycle Seminar (ICCOS) plenary sessions.
If you have any responsibility within the currency function of your institution and wish to discuss these and other matters with your peers, do not miss the opportunity to do so in person and in a relaxed and conducive atmosphere.
Please note: The Summit is open to delegates from Central Banks only.
You can register for the Summit during your Seminar registration.
If you have any questions or require any assistance with the registration process, please contact Ms. Britnee Hursin at email@example.com.