Highlights from this weeks’ new Roundup:
The MintAn industrial facility manufacturing coins. More of Finland has announced the voluntary termination of the company’s business. The decision is based on global paymentA transfer of funds which discharges an obligation on the part of a payer vis-à-vis a payee. More changes and weakened business conditions. Crane NXT announced it has signed a definitive agreement with De La Rue plc to acquire its authenticationThe process of proving that a banknote or security document is genuine. More business for 300 million British pounds in cashMoney in physical form such as banknotes and coins. More, subject to customary adjustments. De La Rue Authentication Solutions is a global leader in security and authentication technologies.
In RTE, Olive McCarthy from University College Cork, analyse how despite ‘the cashless creep’ policy measures are aiming to ensure access and acceptance of cash. One creative measure is the Competition and Consumer Protection Authority’s comparison site for current accounts shows consumers what their financial services provider charges to access their cash.
The Bank of Central African States (BEAC) is taking action to address a shortage of coins in circulation in Douala. According to Business in Cameroon, coin shortages i have been a recurring issue for years. One of the main reasons is the existence of networks that collect coins from places like gaming halls and informal sectors, and then export them to an Asian country, where they are sought after for jewelry-making.
Read more: https://cashessentials.org/elsewhere-on-the-web/