Cash is safe: don’t be tricked by misleading article titles
October 12, 2020 evanoconnell NewsBy 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 ReleaseSince 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 ReleaseIn 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 ReleaseCash 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 ReleaseThe 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 ReleaseThe 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 …
ICA Information on Cash and Pandemic
April 29, 2020 ICA Editor NewsThe ICA is concerned by the rise of misinformation regarding the use of banknotes and coins as the effects of the Coronavirus (COVID-19) pandemic. The ICA would therefore like to refer to the following statements and references from medical and cash experts. ICA Information On Cash & Pandemic
Cash matters – now, more than ever, in the time of coronavirus
April 15, 2020 ICA Editor Press ReleaseGroups representing the currency, ATM, transportation and security sectors call on governments, central banks, media, business and society to stand up for cash to protect the resilience of the existing payment ecosystem and ensure vulnerable groups are not deprived of the only means of payment that is available to all. …
New Director General for the International Currency Association
March 31, 2020 ICA Editor Press ReleaseThe Board of the International Currency Association (ICA) has appointed Ms Jutta Buyse as Director General, effective April 1, 2020. Dr. Wolfram Seidemann, Chairman of the ICA Board, comments: “The role of the ICA as the association of the currency industry will continue to grow. In Jutta Buyse, who brings …
EBA recommendation of 25/3/2020
March 31, 2020 ICA Editor NewsThe ICA has expressed its concern regarding the EBA’s recent recommendation to use contactless payments in order to avoid contamination with the COVID-19 virus. Inaccurate links have been drawn between the use of cash as a payment medium and the spread of COVID-19. Several central banks have now confirmed that …
ICA Key Messages
March 28, 2020 Philippe Sudan NewsWhy cash is safe to use in times of Corona • Banknotes and coins are safe to use in times of corona. • Central banks and medical experts all confirm that cash is safe to use; no evidence for cash transmitting the virus (see list with references). • Every information …
Deutsche Bundesbank – Cash poses no particular risk of infection for public
March 18, 2020 ICA Editor NewsBundesbank Executive Board member Johannes Beermann has indicated that the risk of picking up coronavirus via cash is extremely minimal. In a press briefing at the Bundesbank, Mr Beermann noted that “the probability of becoming ill from handling cash is smaller than from many other objects used in everyday life”. …
WHO: “Banknotes DO NOT carry the Corona virus”
March 9, 2020 ICA Editor NewsThe WHO retracted its recommendation from last week to go cashless (“We did NOT say that cash was transmitting coronavirus”, Fadela Chaib, spokesperson World Health Organization As quoted by MarketWatch) which it had issued despite assurances by central banks, e.g. the ECB or the Bundesbank, and medical experts that banknotes …
Top 20 studies on why cash matters for 2020
February 24, 2020 ICA Editor Other SourcesPart One (10/20) “Global Cash Report” (G4S, April 2018) Cash Matters Summary “The Little Data Book on Financial Inclusion 2018” (World Bank, April 2018) Cash Matters Summary “BIS Quarterly Review” March 2018 (feature: “Payments are a-changin’ but cash still rules,”) (Bank of International Settlements, 2018) Cash Matters Summary “The use of …
ICA Annual Report 2018-9
January 23, 2020 ICA Editor ReportAs we are looking back to a productive period for the International Currency Association secretariat and its members, this annual report gives up an opportunity to reflect on the past two years and to share some of the results. ICA Annual Report 2018 9
Virtually Irreplaceable – Cash Is a Public Good
November 1, 2019 ICA Editor ReportCash Matters, a movement by the International Currency Association (ICA), issued a study today that makes the case for cash as a public good, “Virtually Irreplaceable: Cash as Public Infrastructure.” The paper by Dr. Ursula Dalinghaus, Visiting Professor of Anthropology at Ripon College and affiliated scholar at the Institute for …
Keeping Cash: Assessing the Arguments about Cash and Crime
October 28, 2019 ICA Editor ReportOver the last decade there has been a revolution in payment technologies. Digitization of bank accounts, new digital payment applications, and an array of new kinds of financial products and services have opened up a wide range of choices for storing, saving, sending, and receiving money. Digital finance has become …
The African Cash Report 2018
October 10, 2019 ICA Editor ReportAfrica is a large continent with a population of over 1.2 billion people spread over 54 countries. It is therefore difficult to get a single picture of what istypical of Africa. By focusing on a handful of countries spread across Africa, this report aims to give a snapshot of the …
Registration Open for the Global Currency Forum 2020
September 25, 2019 ICA Editor NewsJoin the conversation about cash and have your say at the Global Currency Forum 2020. The Global Currency Forum 2020, created by the ICA, is a future-focused, thought leadership event addressing the future role of cash in a rapidly changing payment landscape. A content-rich, multi-platform experience, the event will showcase innovation and …
Cash as a Public Good – the Expert View
August 26, 2019 ICA Editor NewsA couple of weeks ago, Cash Matters, the pro-cash movement of the International Currency Association (ICA), published the white paper ‘Virtually Irreplaceable – Cash as a Public Infrastructure’ by Dr Ursula Dalinghaus, making a case for how and why cash must be understood as a ‘public good’. Dr Dalinghaus, Visiting …
