The Challenges for Circulating Coins: Managing the Change

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April 14, 2011 – From May 31 to June 1, 2011, “The Coin Conference” will take place at the Millenium Gloucester Hotel, London. Its title will be “The Challenges for Circulating Coins: Managing the Change”.

The Coin Conference is a new two-day event that, for the first time, examines directly the strategic issues surrounding coin management. With its theme of ‘The Challenges for Circulating Coins – Making the Change’, the new event meets a gap in the market for a dedicated coin-specific forum focused on circulating coins, which play a key societal role in facilitating transactions, and comprise an intrinsic component of treasury department and central bank cash strategies.

But in spite of the importance of coins to the cash cycle, and the specific issues and challenges that they face in today’s environment of growing demand, rising costs of production and distribution, security issues and alternative methods of payment, they do not get the attention they deserve. The Coin Conference aims to rectify that.

Forecasting demand, determining the optimum denomination structure and note / coin boundary, optimising circulation, minimising costs, maximising revenues in the form of seigniorage, and building and maintaining public confidence are all issues that are central to central banks’ cash strategies and will be fully covered at the Coin Conference. So will the challenges presented by counterfeiting, performance in circulation, demand and alternative payment methods, along with design, security and reducing the cost and environmental impact of coin production and circulation.

The conference is aimed at central banks and treasury departments. Representatives of these organisations from around the world will be participating, along with suppliers of coin production, handling and packaging equipment. They will also include producers of components and blanks, cash management companies, coin service providers, vending system manufacturers and operators, retailers and banks and financial institutions. All will benefit from the opportunity to discuss and share best practice – not only in the conference sessions but also the accompanying exhibition, cocktail receptions and refreshment breaks.

The Coin Conference is organised by Currency Publications Ltd, publishers of the industry newsletter Currency News. Currency Publications Ltd is a joint venture between Reconnaissance International, consultants and conference managers, and Currency Research Ltd, organisers of the Currency Conference and the ICCOS events.

And here are the program’s highlights:

The Circulating Coin Landscape – Trends, Issues, Challenges
* The Impact of Coinage Selection on the Global Financial Crisis – Mark Shaw, Royal Mint (UK)
* The Dark Side of Seigniorage – Genie Foster, consultant (Federal Reserve Board, retired)
* Cash Payments – Circulation, Seignorage and the Note/Coin Boundary – Paul Blond, The Blond Group
* The Rise in Cashless Payment Technology in the Micro-Transaction Area – Gareth Lodge, Secura Monde International

Cost Impact and Reduction
* The Canadian Penny: the Business Case for its Withdrawal and the Public Debate – François Dupuis, Desjardins Group and Jean-Pierre Aubry, Associate Fellow of CIRANO
* Would Replacing the Dollar Bill with a Dollar Coin Save US Taxpayers Money? – David Wise, US Government Accountability Office (GAO)
* The Canadian Circulation Coin Distribution System – Lenard Cheung, Royal Canadian Mint
* New Developments in Coinage Materials – Reducing Costs, Minimising Risks – Stephan Siegl, Saxonia EuroCoin
* Crushing Coins – the Challenges and Benefits – Kusters Engineering

Meeting Demand, Engaging the Public
* Sharing the Risks in the Supply of New Coin – Andrew Wallace, Payments Council (UK)
* Coin Recirculation over a Wide Geographic Area – Pedro Tordillas, Bankgo Sentral ng Pilipinas
* Dollarization in the Dutch Caribbean – Ewout van Haeften, Dutch Central Bank
* Good Coins, Bad Coins – the Optimal Denominational Structure – Brian Lang, consultant (Reserve Bank of New Zealand, retired)
* Coin Diffusion – Studies in the Eurozone – Prof Ger Koole, VU University of Amsterdam
* The 2012 Olympic Coin Programme – Fergus Feeney, Royal Mint

Design, Security and Authentication
* Coin Authentication and Recycling – the new EU Regulation and the German Experience – Rainer Elm, Deutsche Bundesbank (Germany)
* Coins Meet Banknotes – Royal Dutch Mint
* Security Features and Technologies for Coins – Günther Waadt, Bavarian State Mint
* Taggants – the Machine Readable Authentication Solution for Coins – Tal Gilat, InkSure Technologie
* Designing Coins for High Volume Electronic Processing in Circulation – Issues and Opportunities – Jeff Carr, Scan Coin

Optimising Coins in Circulation
* Keep an Eye on the Pennies and the Pounds Will Take Care of Themselves – Ed Brindley, Wincor Nixdorf
* Re-Engineering the Central Bank Cash Centre for Improved Coin Issue and Distribution – Mordechai Fein, Bank of Israel
* Improving Circulation and Reducing Costs Through Coin Recycling – David P Wallace, Talaris
* Optimizing Denomination Structure and Coin Logistics – the Hungarian Experience – Erika Leszkó, Magyar Nemzeti Bank
* Optimisation of the Coin Supply Chain with a Web Integrated Approach – Theo de Oliveira, Transtrack International

Updated details of the program and summaries of the presentations can be found on the conference website.