Cash Recirculation and the Fight against Counterfeiting The Austrian Approach
-
Upload
brynn-landry -
Category
Documents
-
view
18 -
download
0
description
Transcript of Cash Recirculation and the Fight against Counterfeiting The Austrian Approach
Cash Recirculation and the Fight against CounterfeitingThe Austrian Approach
Moscow, 19 April 2012
Friedrich HammerschmidtOesterreichische Nationalbank (OeNB)Deputy Head of Cashier’s DivisionHead of National Counterfeit Centre
Agenda
Introduction
PART I: Cash recirculation in Austria• Introduction• OeNB Test Centre
PART II: Communication measures
PART III: Statistical evidence on counterfeiting
The Oesterreichische Nationalbank (OeNB)
The OeNB is the central bank of the Republic of Austria.
The headquarters are located in Vienna.
Basic Facts about the Eurosystem and Austria (1)
EurosystemPopulation (2011): 332 million
AustriaPopulation (2011): 8,4 millionin % of Eurosystem: 2,54%
The OeNB as a Logistical Hub
Central-, Eastern- and Southeastern EuropeEurosystem
Launch stock in 2007
94.5 million banknotes
Launch stock in 2009
188 million banknotesSlovakia
Slovenia
Basic Facts about the Eurosystem and Austria (2)
Eurosystem:
Cash in circulation (December 2011): 912 billion EUR
Basic Facts about the Eurosystem and Austria (3)
Austria:
Cash in circulation (estimated): 25 billion EUR
Capital key (OeNB‘s fully paid-up capital share since 1 January 2011): 2.7750%
ATS
EUR
25 bill.
417 mio pieces
0,36 bill.
47 mio pieces
Cash Recirculation in Austria: Basic Conditions
Cash processing centres most of the cash processing is performed by the GSA (controlled and
monitored by the OeNB)
Recirculation activities significant increase of recirculation activities in self-service areas of
commercial banks (customer operated banknote handling machines)
ATMs cash dispensers are either filled with banknotes processed by Eurosystem
NCBs or with banknotes checked for authenticity and fitness by adequate (tested) banknote handling machines
Over-the-counter transactions issuance of fit and genuine banknotes by trained staff only OeNB offers cash training sessions free-of-charge
Cash Recirculation in Austria: Statistics (1)
12 BPS1000
1,605,000,000 processed banknotes
= 91%
Credit institutions
527 cash recycler
196 staff-operated BHM
150,000,000 processed banknotes
= 9%
Source: OeNB, 2011
The OeNB Test Centre: Mandate (1)
• Examining and testing– Prototypes
– Banknote authentication devices
– Individual machine components (sensors)
– Banknote recycling machines
– Banknote counting machines
– Coin processing machines (in cooperation with the Austrian Mint)
• Cooperating with various partners– Machine and component manufacturers
– ECB and NCBs
– NAC, NCC and CNAC
– Other national institutions (Mint, Printing works, police,…)
The OeNB Test Centre: Mandate (2)
• Implementing the Banknote Recycling Framework (BRF) in Austria– Prepared and implemented by the OeNB Test Centre
– Agreement on a common framework for the detection of counterfeits and fitness sorting
– Signed by all Austrian banking associations
– Entry into force: December 29, 2006
– Providing assistance for all actors (commercial banks, CITs) in complying with the framework
• Monitoring– Target groups: GSA, credit institutions, professional cash handlers
– Data collection on recycling activities according to the BRF
– On-site inspections (planned)
The OeNB Test Centre: Future Challenges
Customer-operated cash handling machines become increasingly important
Euro series 2 (new and/or adjusted sensors)
European level playing field
Compliance (possible sanctions)
Introduction: Why Do We Communicate on Cash?
• Submit information– security features
– cash infrastructure
– changeover information
• Create image– of the euro
– of the central bank
• Fight counterfeiting– Training
– examples of counterfeits
The image of cash triggers the image of a central bank!
Cash is the most visible product / activity of a central bank!
The better people know their money, the better they identify counterfeits!
Introduction: OeNB’s Communication Measures (1)
• Cash training sessions for individuals andcash experts
• Euro Bus Tour
• Euro Kids Tour
Introduction: OeNB’s Communication Measures (2)
• Means of payment Newsletter
• Cooperation with newspapers, radio and TV stations
• Events (fairs, shopping malls…)
• Numerous leaflets and brochures
• Press releases and press conferences
• The OeNB website
The OeNB Website Related to Cash
Information about euro cash
General information
More detailed information
General public
(all internet users)
„Cash experts“
(registration required)