Recent months have revealed the significant financial pressures mints face as they contend with declining demand in a competitive and crowded market characterised by oversupply.

Austrian-based film and foil specialist Hueck Folien, a leading supplier of security threads and foils for banknotes, is taking a number of steps to put its products at the forefront of sustainability and reach its goal of ecologically-neutral production by 2035.

Last month we reported on the broadly positive interim results for two leaders in the currency sector – Orell Füssli and Prosegur. This month is the turn of Brinks, NCR Atleos, Diebold Nixdorf and Crane NXT.

The news that the Mint of Finland is closing down will no doubt be cited by many as another grim reminder that cash is on the way out. Certainly, that was the reason given by the company when it announced that it is winding down and will cease operations next year.

The Mint of Finland (Suomen Rahapaja) is to cease operations and wind down in an orderly manner by next year, its Managing Director Jonne Hankimaa, has announced, bringing to an end a 160-year business which first began minting coins in 1864 under the Russian emperor Alexander III.

This month we report on the interim results for two leaders in the currency sector – Orell Füssli Security Printing and Prosegur Cash.

Texas-based security solutions provider Authentix has announced the completion of an asset purchase agreement for Nanotech Security Corporation (NCS), the security subsidiary of Meta Materials, which offers solutions for banknote authentication and brand protection. The purchase price for the assets is understood to be in the region of $10 million.

De La Rue has released a comprehensive set of full year results for FY2023/24. These results were in line with market expectations and its previous trading update.

Spectra Systems’ annual report, released at the end of June, showed revenues for 2023 increased by 3.4% to $20.28 million and operating profit, EDITDA (before stock compensation expenses) by 3.9% to $8.39 million.

The Federal Reserve Bank of New York has announced that it plans to transition its cash operations in East Rutherford, New Jersey to a new next-generation cash services centre within the Second District.