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 ReleasePress 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 …
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 …
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
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 …
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 …
Currency Community can Create the Most Cost Effective Billboard Campaign of all Time
April 14, 2019 ICA Editor NewsThroughout the history of our industry, cash as a payment mechanism has held a strong position in the ‘exchange of value’ market and as such there was little need to encourage the use of cash – it was an essential public service provided free of charge to the people. Now …
The Forum for the Cash Community
January 4, 2019 ICA Editor NewsIn 2016 the International Currency Association was formed to create a cohesive voice for the industry. Two years on, the ICA is launching its own event. The Global Currency Forum is being presented as a bold new proposition for a new era – a flagship, future-focused, thought-leadership forum that aims …
ICA Brochure
November 28, 2016 ICA Editor NewsIn 2016, the International Currency Association (ICA) was established as the collective voice for the currency industry, representing stakeholders across the entire payment landscape. ICA – Brochure
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