Wolfram Seidemann New Chairman of the International Currency Association (ICA)

July 12, 2018 – At its Annual General Meeting, the International Currency Association ICA, has elected Dr. Wolfram Seidemann, CEO of G+D Currency Technology, as its new chairman. The ICA is a not-for-profit organization representing all suppliers of currency as well as all suppliers of products, technologies, cash-in-transit services and equipment used in the design, production, handling, and circulation of currency worldwide. 

Dr. Wolfram Seidemann is delighted at his election as the new chairman of ICA. © Giesecke+Devrient.

Dr. Wolfram Seidemann is delighted at his election as the new chairman of ICA. © Giesecke+Devrient.

“I am honoured and proud to be elected to represent this industry association in exciting times”, Seidemann said. “We, all of the members, have established the ICA on the map in the two years of its existence, considerably increased membership and built a reputation. The ICA speaks with one voice in the debate on currency and promotes cash through its Cash Matters movement. 80% of transactions worldwide are done in cash. Cash is inclusive, protects data and privacy and guarantees freedom of choice. It is the only form of payment with no commercial agenda behind it. We see cash as an integral part of the payment landscape now and in future.
Another focus of the ICA is research and best practice sharing in order to drive the constant innovation needed to maintain and enhance the integrity of currency as a key payment mechanism. For that purpose, the ICA will provide industry platforms for networking and for exchanging know-how and expertise, such as its future conference in 2020.

The newly elected ICA Board:

  • Dr. Wolfram Seidemann (G+D Currency Technology) – Chairman
  • Eric Boissonnas (KBA Notasys) – Vice Chairman
  • Peter Mühlfelder (Kurz) – Treasurer
  • Barna Barabas (Jura) – Board Member
  • Phil Holland (Komori) – Board Member
  • Malcolm McDowell (Note Printing Australia) – Board Member
  • Dieter Merkle (SchulerGroup) – Board Member
  • Jean-Yves Ray (SICPA) – Board Member
  • Martin Sutherland (De La Rue) – Board Member

This is the website of the International Currency Association (ICA).

You will find a wealth of arguments pro cash visiting the website Cash Matters.

This is the official video of Cash Matters.

The success of the global security technology group is indicative of the outstanding work of Wolfram Seidemann and the executive board chaired by Ralf Wintergerst. In 2017 G+D exceeded its already astonishing revenue of the previous year at €2.14 billion.

This year is bound to result in yet another increase in revenue. News broke in January that the company had been commissioned with a €260 million project of building an integrated plant for the production and processing of bank notes in Egypt’s new administrative center.

In a German interview with a Huffington Post reporter Wolfram Seidemann explained in more detail why he is convinced that there will never be a world without cash. The fact that 80% of all transactions in Germany are still paid in cash demonstrates that it remains “safe, simple, comfortable”. He also quoted the Russian writer Fjodor Michailowitsch Dostojewski by saying that cash equals freedom.

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