Crane Currency has inaugurated a new filtration system that will reduce water consumption by as much as 500,000 cubic meters per year and remove more cotton fibres for reuse in paper production at its paper mill in Tumba, Sweden.

The production of US banknotes for 2023 will likely be below that of the previous two years, according to the 2023 Federal Reserve order for currency published in early November.

To coincide with the Cash & Payments Sustainability Forum™ in mid-November, Reconnaissance issued a whitepaper – ‘What Goes Round Comes Round’.

The think-tank and cash advocacy initiative CashEssentials was presented with two awards at ATMIA’s recent ATM & Payments Innovation Summit 2022 in Berlin.

The Central Bank of Liberia is currently replacing its 2016 banknotes with a new series, which include updated designs and a new high denomination of L$1,000.

The Science Based Target initiative (SBTi) has approved De La Rue’s near-term science-based emissions reduction target.

The venue and date for the African Currency Forum has been announced. It will take place from 15-18 January in Luxor, and more information about the events can be found at africancurrencyforum.com.

The Bangko Sentral ng Pilipinas has said it will save as much as P2.4 billion (US$40 million) from the conversion of paper 1,000 piso banknotes to polymer due to their longer lifespan.

Currency News™ spoke to Malcolm McDowell, CEO of NPA, and Neil Sanders, Managing Director of CCL Secure, about their story, how their cooperation works, and the environmental as well as commercial benefits of their physical proximity.

One of the defining characteristics of the mint industry, compared with the banknote industry, is the level of cooperation between the various producers. Another has been its apparent stability. Perhaps the two are related.

If you have been enjoying a new blockbuster movie at the theatre or binge watching the latest series on your sofa, then you’ve most likely seen impressive piles of cash. This is actually fake cash, manufactured as a prop, especially for the camera.

In addition to the industry associations that are advocating for cash, two new initiatives in Europe have demonstrated the scope for campaigns to promote cash acceptance at the country level by harnessing interest groups throughout society.

The Royal Mint has announced revenues of £1.4 billion for 2021/22, up by 27% over the previous year, and pre-tax profits of £18 million, up by 45% over the 2020/21 and the largest profit since it was vested as a limited company in 2010.

Despite being the oldest company in Chile (it was founded in 1743), in the last four years the state-owned firm Casa de Moneda Chile has gone ‘from the physical to the cloud’.

The Central Bank of Paraguay has announced that a new series of guarani banknotes is underway, with the preparations likely to take more than a year.

Glory Global Solutions is acknowledged as the leader in teller cash recycling solutions, with 100,000 units installed worldwide and a market share, according to RBR, of 56%.

This year the profile of sustainability has increased, with climate volatility evident in many countries. Last year’s white paper on the cash industry's work showed that much has been done and this industry has been doing good work for some time.

The Egyptian Cabinet has approved a proposal to conclude a partnership agreement between the Public Treasury, the Egyptian Mint Authority, and the UK’s Royal Mint to establish a new British-Egyptian mint.

Komori Corporation has announced that the Komori Global Parts Center has been relocated to the Tsukuba Plant site to ensure a more stable parts supply in Japan and overseas.

Cash Visibility – the Federal Reserve’s program to automate the cash supply chain – is at the point of rolling out.