Banknotes of the World – №7/2017

CURRENCY CONFERENCE REVIEW

The 17th Currency Conference (International conference on cash circulation) was held 14-17 May, 2017 in Kuala Lumpur (Malaysia), bringing together 500 delegates from 74 countries. The event was attended by 170 organisations (central banks, leading suppliers in the currency industry, as well as financial consulting agencies), who delivered reports and discussed new payments landscape and future of cash, chosen as a key motive of the conference. Development and improvement of cash payments, Big Data technologies, efficient cash management, global cash cycle trends and many other topics were on the agenda, which included over 40 presentations.

ALL BREAKTHROUGH INNOVATIONS FROM CURRENCY INDUSTRY

The Currency Conference saw virtually all the innovative security features and solutions presented by the leading suppliers. Here are a few of them: a new hologram and security thread from DE LA RUE; GALAXY, visible even in common light; optical effects TRILUMIC, security features from  FABRIANO; innovations from KURZ; security threads from OBERTHUR, SPECTRAL technology from ORELL FUSSLI and many others.

INTERVIEWING ON THE SIDELINES OF THE CURRENCY CONFERENCE

On the sidelines of the conference, the BoW correspondents had an opportunity to interview its delegates – prominent experts of the world currency industry. Their opinion, analysis and forecasts certainly deserve the utmost attention. The conversation focused not only on cash, but also electronic transactions, mobile payments and digital currency. We had an honour to talk with Richard HAYCOCK, Founder of Currency Research, Chairman of the 17th Currency Conference, IACA’s Co-founder; Arkady TRACHUK, General Director of Goznak; Ralf WINTERGERST Chairman of the Management Board of Giesecke+Devrient; Larry FELIX, 25th Director of the Bureau of Engraving and Printing (2006-2015) of the U.S. Federal Reserve System, Chairman of the Banknote Conference-2018.

THE BEST IN THE CURRENCY INDUSTRY

At the Currency Conference, IACA announced the winners for the 2017 «Excellence in Currency Awards». The finalists were nominated in several categories. This article discloses all the nominees and the winners.

EXPERT LOOK AT NEW SWISS FRANC NOTE

The Swiss National Bank has issued the new Swiss 20 franc note 17 May 2017. The new denomination follows the previous 50 franc note issued in 2016.

LEATHER MONEY

Leather money has a very long history dating back to the 2nd century BC and tracing till the 20th century. There’s a record of 120 B.C. saying that there were white deers in the Emperor’s Garden located in the Forbidden City. Their skins were used for manufacturing exotic currency – pibi. The deerskins were crafted in rectangular patches (23 cm) and adorned with coloured paintings at the edges to find its way to the emperor’s treasury. In order to pay tribute to the emperor, visitors should deliver a jasper stone lying on such leather patch. Once the ceremony respected, they were allowed to continue with the audience. Pibi currency was exchanged for 40,000 copper coins (according to other sources, the exchange rate was 400,000 coins). The forcible selling of pibis was crucial in terms of a constant refilling of the emperor’s treasury.