Tenders, Contracts and MOUs

• The Reserve Bank of India (RBI) has extended the deadline for responses to its Expression of Interest (EOI) for services related to the modernisation of India’s currency management infrastructure 4 December 2024.
• Further to the news that Bangko Sentral ng Pilipinas (BSP) had signed an MOU with German state printer Bundesdruckerei, it has announced another MOU, this time with Banque de France on currency management and other areas of central banking.

Under the five-year MOU, BSP and Banque de France will collaborate on strengthening currency and security management and production, currency demand forecasting, digital payments governance, and research and development on digital payments, banknote substrates, and high durability solutions.

BSP Governor Eli M Remolona, Jr noted that even with electronic money taking over from cash, issuing banknotes and coins remains an important part of a central bank’s responsibilities. The BSP hopes that the partnership will aid the central bank in ‘enhanc[ing] the quality of our currency’, he said.