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 ReleaseJanuary 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 ReportJanuary 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 ReleaseJanuary 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 ReleaseThe 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 ReleaseThe 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 ReportNovember 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 ReleaseThe 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 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 …
