G+D Promotes the Value of Cash for Society

In March, Currency News™ featured an interview with Dr Wolfram Seidemann, CEO of G+D Currency, on the topic of building a resilient cash infrastructure.

In the article, Dr Seidemann outlined the need for a resilient, efficient cash cycle in the face of changing cash usage, increasing volatility in demand, rising costs and the need for environmental sustainability. He introduced the themes of further automation in cash processing, digitalisation to deliver ‘cash visibility’ and standardisation, and the need for collaboration between stakeholders to meet those needs.

July’s G+D Currency Technology Symposium 2023 built on this, focusing among other topics on the social value of cash and what it could deliver.

Social value of cash

Ms Pearl Kgalegi, Head of Currency Management at the South African Reserve Bank (SARB), introduced the Symposium audience to the South African word ‘Ubuntu’ which is a sense of South Africa’s moral ideals, spirit of togetherness, and ability to work towards a common goal. In her presentation she alluded to cash as being one of the bonds that contributed to Ubuntu. Perhaps a useful word for what unites the cash community across the whole word.