THE INTERNATIONAL CURRENCY ASSOCIATION IS THE VOICE FOR THE GLOBAL CURRENCY INDUSTRY

Advocating for the global use of cash, by creating awareness of the value of cash as a trusted public good

THE INTERNATIONAL CURRENCY ASSOCIATION IS THE VOICE FOR THE GLOBAL CURRENCY INDUSTRY

Advocating for the global use of cash, by creating awareness of the value of cash as a trusted public good

THE INTERNATIONAL CURRENCY ASSOCIATION IS THE VOICE FOR THE GLOBAL CURRENCY INDUSTRY

Advocating for the global use of cash, by creating awareness of the value of cash as a trusted public good

Virtually Irreplaceable: Cash as Public Infrastructure

The demise of cash has been predicted for at least 60 years. This despite the fact that the majority of payments worldwide are made in cash; cash payments are vital to everyday economic transactions around the globe.

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Global Currency Forum

The GLOBAL CURRENCY FORUM, created by the ICA, is a future-focused, thought leadership event addressing the future role of cash in a rapidly changing payment landscape.

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Cash Matters

Smart and online technologies are changing the way we pay, however, cash is still the most attractive means of payment for a huge majority of people worldwide. We look at 10 key reasons for the relevance of cash. 

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During any crisis, cash demand goes up - and the COVID-19 pandemic is no exception. https://www.cashmatters.org/blog/cash-demand-spikes-during-coronavirus-crisis/

#factcheck #cashmatters #coronavirus #COVID19

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The number of banknotes issued into circulation grew 3 to 4% CAGR between 2014 and 2019. Cash in circulation continues to grow in most countries around the world. The graph of Euro banknote growth (below) is in the public domain and representative of many other central banks

"The reality is #cash from an ATM is completely sterile, it is quarantined for 3-4 days beforehand and cash is handled by one or two people in its lifetime, very unlike cards." -- Peter McNamara, CEO and Founder of NoteMachine https://www.thisismoney.co.uk/money/saving/article-8369171/It-safe-use-physical-cash-despite-coronavirus-says-ATM-boss.html

During the pandemic, one of the groups most vulnerable to the virus is the elderly. @ageuklondon says that lack of cash access is making the crisis even more difficult for this generation, and they have called on @TheFCA to ensure this group is supported.
http://shorturl.at/uPWY6

Amid the current furore about whether #cash is safe to use, it is also important to consider that for many people around the world, cash is also often their only readily available means of #payment.

READ: https://cashessentials.org/cash-is-not-just-a-dirty-word/ | #covid19 #coronavirus #financialnews

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Cash Matters, the pro-cash movement by the ICA

Cash Matters was launched in May 2017 and is a global movement which presents easily accessible, factual and well-designed content. Through its Cash Matters website and social media channels it has become the most popular and renowned  source of information for anything on cash. Target groups are experts from the currency industry, decision-makers in politics and governments, analysts, journalists as well as the broader public.

Cash Matters has been driving advocacy for cash, building alliances and networks with other pro-cash movements and talking to many stakeholders and players in politics and central banks. It has been involved in the debate on cash payment limitations (CPL) by the European Commission and in the debate in Sweden for a better acceptance and handling of cash by Swedish commercial banks.

Among the content provided by Cash Matters are two videos on the role of cash in society, Cash Matters and Choice Matters. Cash Matters also issued studies in cooperation with the Institute for Money, Technology and Financial Inclusion (IMTFI) at the University of Irvine, California, which have proven instrumental in shaping the sociopolitical debate on cash such as “Keeping Cash: Assessing the Arguments about Cash and Crime” and “Virtually Irreplaceable – Cash as Public Infrastructure”.

Global Currency Forum

The GLOBAL CURRENCY FORUM, created by the ICA, is a future-focused, thought leadership event addressing the future role of cash in a rapidly changing payment landscape.

POSING THE RIGHT
QUESTIONS

Innovation has been at the heart of the industry for decades. As we continue to evolve as an industry, so too does technology, resulting in the fast-changing world we live in. And with change come questions:

  • What is the future role of cash as a public good in economies across the globe?
  • Can societies afford to lose the specific characteristics of cash, which acts as a form of power sharing between governments, central banks, businesses and individual citizens?
  • How can we as the currency industry reduce our carbon footprint and contribute to sustainability?
  • How will digitalisation increase the efficiency of the cash cycle?
  • Will a combination of cash and digital payments soon require a completely different approach to a digital currency cycle

FINDING THE 
ANSWERS

There are no simple answers to these complex questions. We believe in shaping the future of our industry together, and look forward to intense debates. Through collaboration, through open and constructive discussions and by involving a large number of players both inside and outside of the industry, we are putting together a program that will offer different views, outside perspectives and surprising insights.

The GLOBAL CURRENCY FORUM will champion 360º perspectives, inviting participation from beyond the traditional currency industry players in order to encourage meaningful debate, understand different perspectives and hold bigger and more controversial conversations.

Above all, it is an opportunity for all players – however large or small to have their voices heard. Wherever you sit on the currency supply chain – from central banks to cash management companies – the GLOBAL CURRENCY FORUM will empower you to challenge the status quo and help lead the industry into the future.

Want to Join Us?

Membership of the ICA is open to legally-incorporated companies and businesses (but not to individuals or consultants) that are suppliers of currency, or suppliers of products, technologies and equipment used in the design, production, handling and circulation of currency.

Trade or industry associations or other organisations and institutions such as universities, foundations and NGOs can be co-opted as associate members.

All prospective members must be a legitimate company and have an established interest and business in currency. All membership applications will be validated by the Board in a Board meeting.

All members must also agree to abide by the Code of Conduct.

Founded by leading currency suppliers, the ICA welcomes any company – providing it meets the conditions for membership – willing to contribute to achieve the goals of the association.

Take a leading role in the creation of industry forums which best serve the strategic business interests of currency service and product suppliers

Membership Fees

  • (Annual turnover over €10m) €30,000
  • (Annual turnover under €10m) €10,000
  • Annual fee Associated members €1,000