Cash Sustainability Forum 2024
COP 28 in December last year provided evidence that the climate is changing, and we are struggling to do what is needed to mitigate or adapt to the change. Given this is the only planet we have, and we are all on this place together, sustainability is relevant to us as individuals and to our work.
In that context, Reconnaissance, co- publisher of Currency News™, will hold its second Cash Sustainability Forum (CSF) 24-26 June in Frankfurt in Germany. Dedicated to cash and the cash cycle, the CSF aims to help central banks and the cash industry to minimise the environmental impact of cash.
The call for papers is open. CSF is for central banks and every stakeholder involved in the production, issue and circulation of banknotes and coins. The organisers welcome papers that detail work done, and results achieved to reduce the environmental impact of cash.
In the run up to the CSF, Reconnaissance will publish a paper focusing on the recycling and recirculation of cash. If cash can be recycled close to the point of exchange, then less fossil fuels are used, and circulation velocity can increase. The paper will provide detailed information on how to do this well. It is being written with the support of central banks and stakeholders throughout the cash cycle. A workshop at the CSF will cover its findings.
The CSF is being organised in association with the Mint Directors Association, the ATM Industry Association (ATMIA) and Security Ligue.
The CSF and the white paper are the latest steps in Reconnaissance’s long running programme of sustainability work, starting with the publication ‘Cash: a Roadmap to Sustainability’ which preceded the November 2022 CSF in Edinburgh. Since then, it has published a white paper, supported by three webinars, on how to dispose of unfit banknote at the end of their lives. It has also supported the International Association of Currency Affairs (IACA) with a webinar about including sustainability in tenders for the purchase of banknotes.
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