The ICA announces new board to lead its next phase of development
The International Currency Association (ICA), representing the global currency sector, hosted its Annual General Meeting today in London. Held as a hybrid meeting, this was a unique opportunity for ICA members to come together both in person in London and virtually from around the world, to reflect on the association’s accomplishments over the past year […]
Bank of England consultation on digital money: ICA contributes on key characteristics for coexistence with cash
The International Currency Association (ICA), representing the global currency sector, has confirmed its submission to the Bank of England’s consultation on its discussion paper on new forms of digital money. The consultation was launched in response to the BoE’s discussion paper published in June 2021, which presented the Bank’s emerging thoughts on new forms of […]
Cash payment limitations for the entire European Union sends the wrong signal about cash, says the International Currency Association
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 role as a public good, in the European Union and […]
ICA Responds to EU Court Ruling on Cash Payment Limits
The International Currency Association (ICA), representing the global currency industry, welcomes today’s ruling of the Court of Justice of the European Union on joined cases C-422/19 and C-423/19, concerning the payment of bills for radio and TV licenses in Germany. The ruling reaffirms that euro banknotes and coins are legal tender across the Eurozone and […]
ICA Calls on ECB to Protect the Public Value of Cash in Digital Euro Plans
PRESS RELEASE – 14 January 2021 ICA Submits Input to ECB Consultation on the Digital Euro 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 follows the ECB’s October 2020 report, which emphasized that the Eurosystem will continue […]
European Commission public consultation: ICA advises against discontinuation of 1 and 2 eurocent coins and introduction of uniform rounding rules
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 as the discontinuation of 1- […]
Currency industry global association strengthened through new membership of Oberthur
The International Currency Association (ICA), representing the voice of the world’s currency sector, are happy to announce that Oberthur Fiduciaire, one of the 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 their association. ICA chairman, […]
ICA leverages global expertise to inform future UK access to cash legislation
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 regulatory oversight of the […]
Chloé Menhinick joins ICA as director of communications
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 membership, and stakeholder engagement. She […]
EU court opinion: cash must be accepted as legal tender for transactions
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 case brought against a German […]