In this periodic series of articles covering cash information in central bank annual reports, we turn our attention this month to England, Iceland, Kazakhstan and Switzerland.

Bangko Sentral ng Pilipinas (BSP) has so far collected almost PHP 888.7 million from the coin deposit machines introduced last year. The number of transactions reached 214,475 as of the middle of August, with 236 million coins having been deposited and exchanged for e-wallet credits or shopping vouchers.

Last month, the uncertainty over the future of the authentication business of Meta Materials was resolved by the acquisition of its assets by Authentix. This is the latest in a string of acquisitions that has seen Authentix grow from its early days as a developer of taggants for fuel integrity programmes to a full service and solutions provider to the banknote industry of covert technologies, sensors, overt features, security print and design.

The Cash Cycle Seminars (ICCOS) are annual events from Currency Research (CR) that bring global knowledge to regional markets in the Americas, Asia, and EMEA.

On 3 July 2024, the Bank of Japan started issuing a new series of banknotes consisting of 10,000 yen, 5,000 yen, and 1,000 yen notes: a historic moment in Japan, as this is the first time in 20 years that a new series of banknotes has been introduced.

Bank Al-Maghrib has issued new 50 dirham banknote, the third in its new series.

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 UK banking system is reported to be storing indefinitely around £4 million worth of unwanted copper coins.

A team from the Canada Border Services Agency (CBSA) has received the Bank of Canada’s counterfeit deterrence award for its work analysing international shipments, leading to the seizure of large volumes of counterfeit banknotes.

State security printers in Asia are transforming as a result of a fast-changing economic and technological landscape. Traditionally known for producing banknotes, coins, and secure documents, these institutions are now repositioning themselves as digital identification and authentication (DIA) players, as this article, adapted from sister publication Authentication & Brand News, explains.

The Coin Conference takes place in Lisbon 28-30 October, against a backdrop of considerable change (no pun intended) in the world of circulating coins. Not surprisingly, the agenda is busy and full of substance, reflecting the key challenges, and opportunities, that face issuers and producers.

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.

In what was termed a ‘grand reveal’, the Centrale Bank van Curaçao en Sint Maarten hosted simultaneous events on both islands to unveil the designs of the banknotes and coins of its new currency, the Caribbean guilder.

Currency Research has launched the AI Bootcamp, facilitated by The Centre for Alternative Finance at the University of Cambridge Judge Business School, which will explore AI tools and strategies for revolutionising supervisory innovation, with practical insights and a tailored roadmap for AI adoption.

Intaglio is a quintessential feature for high-security designs. Its unique look and tactility make it easy to authenticate banknotes and identity documents within seconds. The Escher® method, developed by Orell Füssli, uses three-dimensional (3D) models for intaglio designs.

Researchers at Griffith University of Australia have investigated the representation of native fauna on banknotes to identify geographic hotspots and taxonomic patterns, and determine whether threatened and endemic species were more readily represented.

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

When systems go down, they can go down big-time. As happened recently with the CrowdStrike software update glitch that caused a multitude of Microsoft systems around the world to crash, hitting hospitals and healthcare, transport, hospitality, retailers and payments. Cash, once again, was the fallback option.

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.