Currency Conference: An Industry in Change – Part 2

The Currency Conference took part in Mexico City in May 2023, overlapping with the Digital Currency Conference.

In last month’s issue, we reported on the overall conference themes and the changing cash landscape, with a dip into some of the keynote papers. This month we cover the papers on access to cash, currency threat assessments, public education, sustainability, innovation and resilience.

Access to cash

According to the Bank of England, recent cash trends in the UK are putting pressure on the wholesale and retail cash infrastructure. Legislative changes have meant that the Bank is responsible for wholesale cash while the Financial Conduct Authority looks after retail cash.

The Bank has market oversight, managing the risks to the effectiveness, resilience and sustainability of wholesale cash, and prudential supervision managing risks to financial stability and to maintain confidence in the UK financial system. It laid out the tools it has at its disposal to achieve this.