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Cash Payment Limitations for the entire European Union sends the wrong signal about cash, says the International Currency Association

July 20, 2021    Chloe Menhinick    News, Press Release

Press Release, July 20 2021 The International Currency Association (ICA) laments the proposed cash payment limitations included in the anti-money laundering regulation presented today by the European Commission, believing they will do more harm than good and urges European policy makers to continue ensuring that cash can play a key …



EU Court Ruling: Currency Sector Stands Ready To Contribute To The Future Discussion

January 26, 2021    Chloe Menhinick    Press Release

Press Release – 26 January 2021  The principle that euro banknotes and coins are legal tender is enshrined in the EU Treaty since the birth of the single European currency. The ruling of the Court of Justice of the European Union on joint cases C-422/19 and C-423/19 published today in …



ICA calls for ECB to safeguard the value that cash brings to society in plans for a digital euro

January 14, 2021    Chloe Menhinick    Press Release

January 14, 2021 – The International Currency Association (ICA), representing the global currency sector, has confirmed its submission to the European Central Bank’s consultation on the digital euro. The consultation was launched in response to the ECB report on the development of the digital euro released in October 2020, which …



ICA contribution to the European Central Bank consultation on a Digital Euro

January 13, 2021    Chloe Menhinick    Report

January 2021 Introduction The International Currency Association (ICA) is the voice of the currency industry. Our membership covers design, production, manufacturing and distribution of coins and banknotes. We are the first industry body of its kind with a membership made up of businesses that span the sector. The ICA takes …



European Commission public consultation: ICA advises against discontinuation of 1 and 2 eurocent coins and introduction of uniform rounding rules

January 12, 2021    Chloe Menhinick    Press Release

January 12, 2021 – The International Currency Association (ICA), representing the global currency sector, has confirmed its submission to the European Commission consultation on uniform rounding rules for cash payments which aims to assess the impact of introducing uniform rounding rules for cash payments in the euro area as well …



Currency Industry global association strengthened through new membership of Oberthur

December 1, 2020    Chloe Menhinick    Press Release

The International Currency Association (ICA), representing the voice of the world’s currency sector, are happy to announce that Oberthur Fiduciaire, one of world’s leading private security printers in the world specialising in the design and production of banknotes, associated security features and secure documents, has become a new member of …



ICA leverages global expertise to inform future UK Access to Cash legislation

November 26, 2020    Chloe Menhinick    Press Release

The International Currency Association (ICA), representing the voice of the world’s currency sector, has confirmed its submission to the UK Treasury’s Call for evidence on Access to Cash (https://www.gov.uk/government/publications/access-to-cash-call-for-evidence). The Call for evidence seeks views on the key considerations associated with cash access, deposit and withdrawal facilities, cash acceptance, and …



ICA response to HM Treasury (United Kingdom) call for evidence on Access to Cash

November 26, 2020    Chloe Menhinick    Report

November 2020 The International Currency Association ICA welcomes the opportunity to contribute to the HM Treasury call for evidence on Access to Cash and commends HM Treasury for taking action on this crucial issue. Cash is an essential factor for personal freedom and privacy as well as social inclusion, and …



Chloé Menhinick Joins ICA as Director of Communications

November 10, 2020    Chloe Menhinick    Press Release

The International Currency Association (ICA), representing the global currency sector, has appointed Ms. Chloé Menhinick as their Director of Communications.  Based out of The Hague, Ms. Menhinick has 15 years of experience working in the associations industry, providing leadership as well as advisory services on communications and marketing, communication for …



Cash is safe: don’t be tricked by misleading article titles

October 12, 2020    evanoconnell    News

By Wolfram Seidemann, Chairman, International Currency Association Since the beginning of the pandemic, we – as a society and especially as a sector producing banknotes and coins for central banks around the world – have seen a steady flow of disinformation around the role cash may play in spreading Covid-19. …



EU Court Opinion: Cash must be accepted as legal tender for transactions

September 29, 2020    evanoconnell    News, Press Release

Since the birth of the single European currency, the principle that euro banknotes and coins are legal tender has been enshrined in the EU Treaty. Unfortunately, during the Coronavirus pandemic, fake news about a link between cash and the covid-19 virus has scared many retailers. In the wake of a …



New European Commission Strategy: Cash is a public good and must be accepted by retailers

September 28, 2020    evanoconnell    News, Press Release

In the European Commission’s Communication on a Retail Payments Strategy, the European Union’s executive has underlined the importance of cash as a public good – stating that “Cash is a means of payment that offers instant settlement in face-to-face transactions, without any technical infrastructure. It is still the only form …



Currency sector association signs sector-wide sustainability charter at Annual General Meeting

September 25, 2020    evanoconnell    News, Press Release

Cash is a public good – it promotes social inclusion and protects personal freedom and privacy. Around the world, cash is used in the vast majority of payments. It should also be as sustainable as possible across its supply chain – as banknote, ink, paper, coin and payment system leaders …



Fighting fake news around cash and covid

August 7, 2020    evanoconnell    News, Press Release

The International Currency Association (ICA), representing the currency sector, has worked with partners since the beginning of this unprecedented public health crisis to highlight verified information on COVID-19 from central banks, health ministries and academics – governments and research institutes around the world have affirmed that there is no evidence …



Retailers should ensure freedom of choice in payments

July 2, 2020    ICA Editor    Press Release

The world of payments has changed radically in recent years – and the European Commission is seeking to build a new strategy on retail payments, through a consultation that closed last week. The International Currency Association (ICA), the voice of the currency sector and a key advocate for cash, believes …