IMIA: Defending Access to and Acceptance of Cash and Coins

The International MintAn industrial facility manufacturing coins. More Industry Association, founded in the summer of 2022, is a professional association of public and private mints and industry suppliers. Its goal is to support the mint industry by proactively promoting the availability and acceptance of cashMoney in physical form such as banknotes and coins. More and its future role in resilient and cost-effective national paymentA transfer of funds which discharges an obligation on the part of a payer vis-à-vis a payee. More infrastructures and stable financial systems.

The IMIA is now welcoming new international members to start shaping the future of cash and coins and the association with the community. The membership is open to public and private mints as full or associated members and to mint industry suppliers as related members.

“The IMIA has two key activities. First, establishing itself as a trusted content-led partner to policymakers as well as to consumer and merchant stakeholders, through in-depth dialogue and well-researched position papers. Second, to provide its individual members, and the mint community as such, with timely analytical and advisory insights of key policy and market developments in cash/coin payments in individual jurisdictions as well as globally. I am very pleased to say that in the few months since our establishment we have already entered in very active, promising and fruitful exchanges with policymakers.” – Martina Horakova, Managing Director, International Mint Industry Association (IMIA).

“International card companies and commercial banks invest a lot of moneyFrom the Latin word moneta, nickname that was given by Romans to the goddess Juno because there was a minting workshop next to her temple. Money is any item that is generally accepted as payment for goods and services and repayment of debts, such as taxes, in a particular region, country or socio-economic context. Its onset dates back to the origins of humanity and its physical representation has taken on very varied forms until the appearance of metal coins. The banknote, a typical representati... More to promote electronic payment products, whereas the cash industry until now has promoted cash, and the latter’s consumer and societal benefits, much too little in comparison. There is a critical need for the mint industry to step up and step in to educate, advocate and defend resilient future for cash, for the industry and importantly the society as a whole.” – Gerhard Starsich, President, International Mint Industry Association (IMIA).