DOCSLIB.ORG

International Review on Cash Management

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text

Load more

BILLETARIA-INGLES_14_v9_Maquetación 1 18/11/13 08:53 Página 1 INTERNATIONAL REVIEW ON CASH MANAGEMENT YEAR VII ISSUE 14 OCTOBER 2013 Opinion 2 Editorial 3 Interview with Astrid Mitchell 6 Environmental impact management of banknote production and improvements Angelamaria Fiori. Banca d’Italia 8 Federal Reserve’s efforts to recycle shredded currency Shaun E. Ferrari. US Federal Reserve System 9 Burning banknote waste in a cement works Beatriz García. Banco de España 11 Environmentally conscious activities of the NPB Hitoshi Tanaka. National Printing Bureau, Japan 13 Anti-bacterial treatment of banknote paper Georgy Kornilov and Yelena Kurkova. Goznak 15 The FNMT’s paper manufacturing and the environment Antonio Olmos. FNMT-RCM 18 The carbon footprint of banknote security features Beat Attinger. Orell Füssli Security Printing Ltd 20 Incorporating diffractive optically variable devices in banknotes in an environmentally sustainable way Peter Muehlfelder. Leonard Kurz Stiftung & Co. KG 23 The “green” banknote. A holistic view Alfred Kraxenberger, Christoph Mengel and Alfred Schmidt. Louisenthal and Giesecke & Devrient GmbH 26 The polymer banknote: a reduction in environmental impact Jaime Pacreu. Innovia Security, S.A. de C.V. 29 Environmental impact management. Security inks for banknotes René Berger and Brigitte Sheung. SICPA, S.A. Banknotes and Coins 32 The banknotes of Venezuela Jacquelín Bastardo. Banco Central de Venezuela 34 Treasury Department of the Banco Central de Reserva de El Salvador César Roney. Banco Central de Reserva de El Salvador 36 The Museum of the National Bank of Belgium Marianne Danneel. National Bank of Belgium 39 Guatemala’s Numismatic Museum Ricardo Martínez. Banco de Guatemala Miscellaneous 41-43 9th International Course on Cash Management. BANCO meeting in Bratislava. The carbon footprint. Readers give their views on BILLETARIA. CPC BILLETARIA-INGLES_14_v9_Maquetación 1 18/11/13 08:53 Página 2 Opinion Editorial some very interesting ideas, and a defence of cotton paper as the preferred choice of sub- Editorial strate from the environmental point of view. Jaime Pacreu opens up the field for debate by J. Darío Negueruela Banco de España offering an opposing view that advocates poly- mer for its advantages of over paper. Our thanks to everyone involved for the quality of When, almost a year ago, we decided to pre- their contributions, which have made this issue pare a thematic issue of BILLETARIA on the of BILLETARIA a unique collection of articles subject of the ecology, the environment and on a rarely addressed topic. All in all this issue caring for the planet, some of our colleagues includes eleven articles on the subject, which called us dreamers and said we were out of we have shortened to avoid the issue going step, and our friends gave us a kindly but further beyond the 40 pages we have set as bemused looks, while wishing us well. And our limit. We have also continued both our the truth is that there were times when we series on banknotes and central bank depart- wondered whether it would be possible to ments, and that on numismatic museums. bring together the contributors and content for a special issue on the topic. But the gen- This issue also includes another novelty, in this erosity of BILLETARIA’s friends has meant that case the “Interview” section where we talk to readers today have in their hands (or on the Astrid Mitchell, the editor of Currency News. screen of their PC or tablet) issue no. 14 of As readers will recall, in our previous issue we the review, with more pages than usual and published a piece about InterCrim-Press, the a standard of content that has beat our expec- leading Russian specialist publisher on cur- tations. And this is despite the fact that some rency matters, and with which we maintain a of our habitual contributors have not been able friendly and cooperative professional relation- to participate in this issue. ship. This concludes our series disseminating and supporting our peers in the currency pub- We have tried to cover the issue from a wide lications field, who we look upon as colleagues variety of angles. Three central banks explore rather than competitors. the subject from different viewpoints: that of the environmental policy of the Banca d’Italia’s The latest opinion survey aimed at BIL- printing works, a look at waste management LETARIA readers has showered us with praise at the Fed, and an enlightening article by Beat- and words of encouragement. And at the riz García at the Banco de España on the tech- same time, offered some guidance on future nical aspects of burning waste in a cement directions. In general, readers expressed a works. Japan’s National Printing Bureau also preference for shorter “Events” and “Miscel- discusses its environmental policy; Goznak laneous” sections; more thematic issues; wider presents a subject little-known in the banknote distribution of the electronic format of the world (the antibacterial treatment of paper); review, while keeping the quality of the paper; and the FNMT discusses the efforts its paper maintaining the rigorous but accessible tone; mill makes to be environmentally friendly. limiting contributions to their current length; SICPA, Kurz and Orell Füssli present manu- extending our geographical reach; vigorously facturers’ viewpoints on inks, holograms, and defending our editorial independence; and tak- other banknote-related products. And G&D ing care over the composition and graphics. presents an extensive article giving an overview Many thanks. See you again in issue 15 of “Architecture”. Stained glass window in the Banco de España of a responsible environmental policy, with BILLETARIA. building, Madrid / JDN CONTRIBUTORS J. Darío Negueruela Director of the Cash and Issue Department. Banco de España / Astrid Mitchell Editor of Currency News. Reconnaissance International / Angelamaria Fiori Deputy Head of the Quality, Environment, Health and Safety Division. Banca d’Italia / Shaun E. Ferrari Assistant Director in the Reserve Bank Operations & Payment Systems Division. US Federal Reserve System / Beatriz García Unit Manager of the Regulation and Control. Banco de España / Hitoshi Tanaka General Manager of the Environmental Management Division. National Printing Bureau, Japan / Georgy Kornilov Director of the Research and Development Institute. Goznak / Yelena Kurkova Deputy Head of the Paper Technology Department. Goznak / Antonio Olmos Paper Mill Director. FNMT-RCM / Beat Attinger Director of Marketing & Sales. Orell Füssli Security Printing Ltd / Peter Muehlfelder Head of Business Area Security. Leonard Kurz Stiftung & Co. KG / Alfred Kraxenberger Managing Director, Technology and Innovation, Banknote Paper. Louisenthal / Christoph Mengel Head of Product Development, Banknote Printing. Giesecke & Devrient GmbH / Alfred Schmidt Product Management Director, Banknote Processing. Giesecke & Devrient GmbH / Jaime Pacreu General Manager. Innovia Security S.A. de C.V. / René Berger Head of Analysis and Product Conformity. SICPA, S.A. / Brigitte Sheung Marketing Editor. SICPA, S.A. / Jacquelín Bastardo Treasury Manager. Banco Central de Venezuela / César Roney Head of Treasury Department. Banco Central de Reserva de El Salvador / Marianne Danneel Curator. National Bank of Belgium / Ricardo Martínez Head of the Interinstitutional Relations and Culture Section. Banco de Guatemala / Yolanda Barrera Photographer. 2 BILLETARIA no 14 October 2013 BILLETARIA-INGLES_14_v9_Maquetación 1 18/11/13 08:53 Página 3 Opinion Interview with Astrid Mitchell Interview with Astrid Mitchell J. Darío Negueruela Banco de España Astrid Mitchell is a director of ple of interviewing "retired cash professionals" that we have followed Reconnaissance International, when choosing the personalities to interview in the past, but flexibility on and the editor-in-chief of Cur- this point has more advantages than drawbacks, and our readers will no doubt be grateful. We would therefore like to thank Astrid for having rency News, one of the currency accepted our invitation and below we offer a summary of the extensive world's most important newslet- interview she gave us in which she passed on her views on a range of top- ters. Currency News, which is ical issues in the currency world. This lively and spontaneous interview, full produced through a joint ven- of insightful comments, offers a new and enlightening viewpoint on our ture with Currency Research, activity and on topics such as information on the Internet, the relationship has been published monthly for of trust between the publisher and the reader, and today's information overload, which we are sure will be of interest to our readers. Thank you the last ten years and is pro- Astrid, for your help and collaboration, and the whole Currency News duced in three languages: Eng- team for their willingness to collaborate with BILLETARIA. lish, Spanish, and Russian. Aimed at central banks, printers Q. You have been working for Reconnaissance International for more and the cash industry in general, it reports on the design, than ten years. Could you briefly explain your professional experi- specifications, manufacturing, sorting and distribution of ence at the company, and where Currency News fits within the banknotes and coins. It has a wide circulation in both hard organisation? copy and electronic format. A. I have been with Reconnaissance International (RIL) –publishers, con- After graduating in Political Science at the University of sultants and conference organisers– as a Director since
Recommended publications
  • Localizing Public Dispute Resolution in Japan: Lessons from Experiments with Deliberative Policy-Making By

    Localizing Public Dispute Resolution in Japan: Lessons from Experiments with Deliberative Policy-Making By

    Localizing Public Dispute Resolution in Japan: Lessons from experiments with deliberative policy-making by Masahiro Matsuura Master in City Planning Massachusetts Institute of Technology, 1998 B. Eng. Civil Engineering University of Tokyo, 1996 Submitted to the Department of Urban Studies and Planning in partial fulfillment of the requirements for the degree of Doctor of Philosophy in Urban and Regional Planning at the Massachusetts Institute of Technology September 2006 © 2006 Masahiro Matsuura. All rights reserved. The author hereby grants to MIT permission to reproduce and to distribute publicly paper and electronic copies of this thesis document in whole or in part in any medium now known or hereafter created. Signature of author: Dep artment of Urban Studies and Planning June 27, 2006 Certified by: Lawrence E. Susskind Ford Professor of Urban and Environmental Planning, Thesis Supervisor Accepted by: Frank Levy, Daniel Rose Professor of Urban Economics, Chair, Ph.D. Committee 2 Localizing Public Dispute Resolution in Japan: Lessons from experiments with deliberative policy-making by Masahiro Matsuura Submitted to the Department of Urban Studies and Planning on August 11, 2006 in partial fulfillment of the requirements for the degree of Doctor of Philosophy in Urban and Regional Planning ABSTRACT Can consensus building processes, as practiced in the US, be used to resolve infrastructure disputes in Japan? Since the 1990s, proposals to construct highways, dams, ports and airports, railways, as well as to redevelop neighborhoods, have been opposed by a wide range of stakeholders. In response, there is a growing interest among Japanese practitioners in using consensus building processes, as practiced in the US, in order to resolve infrastructure disputes.
  • Russia's Financial Tactics in the Middle East

    Russia's Financial Tactics in the Middle East

    Russia’s Financial Tactics in the Middle East Dr. Theodore Karasik Summary Russia’s strategy to build a greater presence in the Middle East and North Africa (MENA) region, and specifically the Persian Gulf, by using finance to influence geopolitics has become an integral part of Putin’s foreign policy. Since 2007, Russia has increasingly focused on financial tactics to achieve its strategic policy goals in the Middle East. This “soft power” links Russia to the Middle East in new and creative ways, a trend that has continued without letup since Russian President Vladimir Putin visited the region twice 10 years ago. These financial ties are both formal and informal: public transactions but also gray zones of monetary interaction between Russia and Arab states that are illustrative of a far more robust set of monetary connections than recognized by policymakers and analysts. Middle Eastern states are an attractive market for Russian state-owned and private companies, such as Stroitransgaz, Rosneft, LUKOIL Overseas Holding Ltd., Russian Railways, Magnitogorsk Metallurgical Factory, Hydromashservice, Technopromexport, KAMAZ and Russian Helicopters. ROSTEC and other defense and aviation companies are also making inroads. It should be noted that Russian small and medium enterprises, too, contribute to trade and economic cooperation with many of the MENA countries. Russia’s industrial giants are able to compete for project tenders at reasonable prices against other competitors despite Russia’s flagging economic performance and increasingly strong
  • IBNS Journal Volume 56 Issue 1

    IBNS Journal Volume 56 Issue 1

    VOLUME 56, NUMBER 1, 2017 INTERNATIONAL BANK NOTE SOCIETY JOURNAL Preserving the Smithsonian’s Numismatic Collection Tamar: The Lady King Signatures on Presidency Banknotes of India Bradbury in the Belgian Congo Language Hierarchy on Banknotes Interview with Victoria Cleland Chief Cashier, Bank of England Circular Letters of Credit Part 1: America Multilingual Banknotes President’s Message Table of inter in North Dakota is such a great time of year to stay indoors and work Contents on banknotes. Outside we have months of freezing temperatures with Wmany subzero days and brutal windchills down to – 50°. Did you know that – 40° is the only identical temperature on both the Fahrenheit and Centigrade President’s Message.......................... 1 scales? Add several feet of snow piled even higher after plows open the roads and From the Editor ................................ 3 you’ll understand why the early January FUN Show in Florida is such a welcome way to begin the New Year and reaffirm the popularity of numismatics. IBNS Hall of Fame ........................... 3 This year’s FUN Show had nearly 1500 dealers. Although most are focused on U.S. Obituary ............................................ 5 paper money and coins, there were large crowds and ever more world paper money. It was fun (no pun intended) to see so many IBNS members, including several overseas Banknote News ................................ 7 guests, and to visit representatives from many auction companies. Besides the major Preserving the Smithsonian’s numismatic shows each year, there are a plethora of local shows almost everywhere Numismatic Collection’s with occasional good finds and great stories to be found. International Banknotes The increasing cost of collecting banknotes is among everyone’s top priority.

  • The Payment System in Selected Post-Soviet Countries

    Bankovní institut vysoká škola Banking management The Payment system in selected post-Soviet countries Bachelor´s degree work Autor: Gaziza Gabidenova Banking management, Banking manager Vedoucí práce: Ing. Marcela Soldánová Prague June, 2014 Declaration I declare that I elaborated my bachelor´s degree work independently and I stated all the literature used. I attest by my signature that the submitted electronic version of the work is identical with its printed version, and I am aware of the fact that the work will be archived in the library of the BIVŠ, and further, made accessible to third persons through the internal database of electronic university works. In Prague, on 30.06. 2014 Gaziza Gbidenova - 2 - Acknowledgement I would like to thank all people that have helped and inspired me to write this dissertation. First of all, I owe my deepest gratitude to Ing. Marcela Soldánová, who were kind and patient to me and to thank for support and understanding. Finally I would like to thank my family for believing in me. - 3 - Annotation The word ―System‖ implies complex of individual segments that are working together, have a common function and complement each other. Each segment is important for the system, because efficiency of their work influence quality. When the segments are working smoothly and efficiently, the system as a whole develops and gives better results. Local and international payment systems, payment instruments, work of Central Banks, work of other financial institutions, inhabitants of the country are segments of payment system. And payment system is an important segment of a country. Efficient working payment system performs the country on the world stage and improves the standard of living in the country.
  • Assad's Money Men in Moscow

    Assad's Money Men in Moscow

    ASSAD’S MONEY MEN IN MOSCOW An international money laundering network financing Syria’s brutal al-Assad regime uses anonymous companies in the EU and UK Overseas Territories July 2020 CONTENTS EXECUTIVE SUMMARY ......................................... 2 Who belongs to the Khouri network? ................. 5 How wealthy is the Khouri network? ................. 7 PART ONE: THE KHOURI NETWORK’S MOSCOW BASE ...................................................................... 9 PART TWO: CONNECTIONS WITH RUSSIAN INTELLIGENCE .................................................... 12 Khouri’s recognition by the Russian establishment .................................................... 13 PART THREE: KHOURI’S CONNECTIONS TO SYRIAN WEAPONS ............................................ 14 Three front companies suspected of links to the Scientific Studies and Research Centre ........... 14 PART FOUR: HOW THE KHOURI NETWORK MAY HAVE AIDED NORTH KOREA ............................. 19 Buying RFS in 2016 ........................................... 19 CONCLUSION ...................................................... 23 GLOBAL WITNESS BRIEFING JULY 2020 ASSAD’S MONEY MEN IN MOSCOW 1 EXECUTIVE SUMMARY In mid-2012, Mohammed Makhlouf, the uncle and chief financier of President Bashar al-Assad of Syria, arrived in Moscow. One man he wanted to see was Mudalal Khouri – a Syrian-Russian banker and fixer who had moved to Moscow during the Soviet era. Khouri subsequently used his network of anonymous companies to support al-Assad’s regime. As this report shows, Khouri’s assistance ranged from helping to purchase fuel and banknotes, to providing front companies possibly to be used for Syria’s chemical and ballistics weapons programmes. Khouri’s operations were Credit: Whatsapp tacitly approved by the Russian intelligence services. The Khouri network has since “Go away Makhlouf. We don’t want thieves,” progressed to helping North Korea avoid United chanted demonstrators in the Syrian capital Nations sanctions. Damascus in June 2011.
  • Evaluation of Incorporated Administrative Agencies

    Evaluation of Incorporated Administrative Agencies

    EvaluationEvaluation ofof IncorporatedIncorporated AdministrativeAdministrative AgenciesAgencies <Tentative Translation> 2007.6 Administrative Evaluation Bureau Ministry of Internal Affairs and Communication Government of Japan 1.1. IncorporatedIncorporated AdministrativeAdministrative AgencyAgency SystemSystem inin JapanJapan 2.2. EvaluationEvaluation ofof IncorporatedIncorporated AdministrativeAdministrative AgenciesAgencies #1#1 - system and the past major achievement - 3.3. EvaluationEvaluation ofof IncorporatedIncorporated AdministrativeAdministrative AgenciesAgencies #2#2 - recent achievement - 4.4. OtherOther TopicsTopics 1.1. IncorporatedIncorporated AdministrativeAdministrative AgencyAgency SystemSystem inin JapanJapan WhatWhat areare IAAsIAAs?? An Incorporated Administrative Agency (IAA) is an organization responsible for indispensable public services Government does not have to do by itself but the private sector is likely to neglect for various reasons. The IAA system was introduced in 2001 as a part of central government reform based on the idea that the planning sectors and the implementing sectors should be separated. [Public sector] [Private sector] Government Private Headquarter and IAAs branch offices companies, etc. of the Ministry BackgroundBackground ofof introducingintroducing thethe IAAIAA systemsystem Problems of the public corporation system Unclearness of management responsibility Inefficiency and opaqueness of business operation Self-propagation of services and internal organi- zations Lack of autonomy concerning
  • Foiling the Forgers

    Foiling the Forgers

    Feature SAFETY FIRST Watermark Watermarking is a technique to prevent counterfeiting by producing variations in the thickness of the paper. The watermark has sharp and spatial gradation in its image. Foiling the Forgers Japan’s advanced anti-counterfeiting technologies are beginning to attract the attention of countries around the world. TOSHIO MATSUBARA target cash handling machines. These measures contribute to the extremely small number of counterfeit notes in Japan. Over the past apanese banknotes are loaded with various few years, only a couple of thousand counterfeit anti-counterfeiting measures that can be con- notes have been found annually. firmed in four different ways: by touch, by see- In Japan, banknotes are manufactured by the Jing against the light, by tilting and with tools. National Printing Bureau (NPB). Leveraging its By touch: Lines produced using intaglio print- expertise in banknote printing, NPB has been con- ing can be confirmed by touch. In intaglio printing, tributing to the implementation of a Japan Inter- the ink is raised on the paper surface. The textured national Cooperation Agency (JICA) project called feel and the ultra-fineness of the printed lines are “Strengthening Capacity of the State Bank of Viet- very difficult to reproduce using regular printing and nam in Printing Ink Production.” Based on the proj- color photocopying equipment. By seeing against the light: Watermarks can be confirmed when seen against the light. They include a portrait on the center and vertical black and white bars on the side that are not normally visible. By tilting: Holograms and latent images can be confirmed by tilting.
  • Spectra Launches Machine Readable Polymer Substrate

    Spectra Launches Machine Readable Polymer Substrate

    VOLUME 17 – NO 8 / AUGUST 2019 Spectra Launches Machine Green Light for Readable Polymer Substrate G4S Demerger G4s has used its interim results to state that the review of its options for the separation of its Cash Solutions and Security Solutions business, first announced last December, is now complete, and the board has approved the separation. Plans have now been set in motion for the demerger of Cash Solutions in the first half of 2020. According to the company, ‘we believe that will create two strong, focused businesses, each with the clear potential to capitalise on market leading positions and to unlock substantial value for customers, employees and shareholders’. Since last December, G4S has received a number of unsolicited expressions of interest from third Spectra Systems Corporation (Spectra) matching sensors that detect only that parties to acquire parts or all of the – a supplier of covert features and taggant, so there can be no confusion Cash Solutions business, including sensors for the currency industry – has with another country’s banknotes. As one from rival Garda. It states that announced that it has executed a 10 counterfeit banknotes lack the taggant, they it has actively engaged with these year supply agreement, renewable by can immediately be detected in the central parties and will continue to evaluate mutual consent, with a multi-billion bank’s banknote processing systems. proposals alongside the implementation dollar, multi-national, global supplier of In cotton based substrates, the amount of of the demerger plan, albeit with biaxially oriented polypropylene (BOPP) taggant used is generally strictly controlled no assurances that any third party with significant operations in the USA for in the paper production process to match proposals will lead to a transaction.
  • Conference Proceedings Published by Institut Français De La Mode (IFM) 36 Quai D’Austerlitz 75013 Paris France

    Conference Proceedings Published by Institut Français De La Mode (IFM) 36 Quai D’Austerlitz 75013 Paris France

    Conference Proceedings Published by Institut Français de la Mode (IFM) 36 quai d’Austerlitz 75013 Paris France Conference Proceedings 2011 Fashion & Luxury: Between Heritage & Innovation © International Foundation of Fashion Technology Institutes 2011 Individual contributors will also retain ownership of separate copyrights in their own contributions. All rights reserved. Except for the quotation of short passages for the purposes of criticism and review, no part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form or by any means, electronic, mechanical, photocopying, recording or otherwise without prior permission of the publisher. Fashion & Luxury: Between Heritage & Innovation ISBN: 978-2-914863-23-0 Printed by Imprimerie Compedit, La Ferté Macé, France. Contents 05 Preface /// Dr. Satoshi Onuma, Bunka Fashion College, Japan 07 Introduction /// Sylvie Ebel, Olivier Assouly, Institut Français de la Mode, France 11 Innovation and Sustainable Development 11 /// Luxury Fashion: The Role of Innovation as a Key Contributing Factor in the Development of Luxury Fashion Goods and Sustainable Fashion Design Angela Finn 19 /// Revealing Historic Traditions of Craftsmanship in the Context of Sustainable Fashion Alison Gwilt 25 /// A Sustainable Synergy of Traditional and CAD Based Silk Saree Designing/Production Kumaraguru Kasinathan 39 Luxury, Distribution and Staging 39 /// The Grand Fashion Narrative in the Australian Museum. Curating the Luxury Design House Retrospective Robyn Healy 46 /// Virtual
  • The Case of Japanese Banknote Iconography

    The Case of Japanese Banknote Iconography

    Journal of East Asian Studies 5 (2005), 315–346 International Patterns in National Identity Content: The Case of Japanese Banknote Iconography Jacques E. C. Hymans The present article suggests that expressions of Japanese identity may be more malleable and receptive to international influences than is usually thought. Through a study of the evolution of images printed on Japanese banknotes and of the political processes behind that evolution, the article shows Japanese state elites consciously following international models of identity content. In partic- ular, it describes the shifts in Japanese banknote iconography in the early 1980s and again in the early 2000s as the product of a drive for conformity with the iconographic norms of European currencies. The state has been the main pro- tagonist in this story, but for a full accounting of the magnitude and pace of iconographic change on the yen, it is necessary to unpack the “black box” of the state. KEYWORDS: national identity, international norms, values, national currencies, banknote iconography, Japan, Europe uch of the literature on national identity—the institutionalized Mimagination of a self-proclaimed national community regard- ing its proper human and territorial boundaries, its cherished ideals and principles of action, and its rightful place in the community of nations—has focused attention on the enduring, distinctive aspects of such identities.1 Nowhere has this tendency to accentuate national uniqueness been more persistent than in studies of Japanese identity. From the
  • Trends of the Monetary System and Financial Markets

    Trends of the Monetary System and Financial Markets

    DOI:10.21686/tmsfm/3.2017 TRENDS OF THE PLEKHANOV RUSSIAN UNIVERSITY OF MONETARY SYSTEM AND ECONOMICS FINANCIAL MARKETS Working paper №3 2017 Content: Non-residents Hold onto the Capitals of Russian The Bank of Russia 2 Banks Is Similar to That of Brazil Non-residents have decreased their of this type currently operate in Rus- Too Big To Fail or 3 participation interest in the capital of sia. On top of that, 45 credit organiza- Systemic Banks Got existing Russian banks. At the begin- tions have an authorized capital ex- Under Rehabilitation ning of 2014, the owners of 251 ceeding 1 trillion rubles, which auto- Market Manipulation 4 credit institutions registered in Russia matically implies the universalization is Detected More were non-residents. However, by mid of their operations. Often than the Mis- -2017 the number of such organiza- Table 4 shows the key indicators use of Insider Infor- tions was reduced to 170. of 10-top largest commercial banks - mation Meanwhile, in spite of the interna- fully owned by non-residents - in the The Value of Com- 5 tional sanctions and risks involved in Russian Federation in terms of the panies Reflects the running the banking business in Rus- registered authorized capital. The as- Structure of the sia, foreigners are not rushing to leave sets of this group exceed 2.7 trillion Economy the banking sector altogether. More- rubles, while the total capital is about Cash Turnover Ex- 6 over, the total authorized capital of 450 billion rubles. periments operating credit institutions, in which It is characteristic that in contrast non-residents are present, has grown to most Russian banks, those under The Task of the 7 to 2.5 trillion rubles.
  • Russian Commemorative Coins Win International Contest | Банк России

    Russian Commemorative Coins Win International Contest | Банк России

    ул. Неглинная, 12, Москва, 107016 8 800 300-30-00 www.cbr.ru Новости Russian commemorative coins win international contest 2 октября 2017 года Новости Bank of Russia coins produced by the St. Petersburg Mint emerged as winners in the 11th International Commemorative Coin Contest, Coin Constellation 2017, which took place as part of the 8th International Coin Conference and Exhibition, COINS-2017. The international jury selected winners in the following eight nominations: Unique Conceptual Design, Successful Artistic Design, Original Technology, Coin Classics, Souvenir Coin, Silver Coin of the Year, Gold Coin of the Year and Coin of the Year. The winner of the Gold Coin of the Year nomination was the Novodevichy Convent of Moscow coin, which has a face value of 10 thousand roubles (it belongs to the Russia in UNESCO World Heritage Site series). The Great Imperial Crown silver coin, a special edition in the Diamond Fund of Russia series, won in the Successful Artistic Design nomination. The 50 Year Anniversary of the Russian Historical Society coin came in second in the Coin Classics nomination. This year’s competition drew 268 commemorative coins from 40 participants across the globe. All the coins were minted in 2016. The contest had entries from the national banks and mints of European and Asian countries, New Zealand, the US and Japan. Background information In 2017, entrants in the Coin Constellation competition included the Bank of Latvia, the Bank of Lithuania, the National Bank of the Republic of Abkhazia, the National Bank of Kyrghiz Republic, the National Bank of Poland, the National Bank of the Republic of Belarus, the National Bank of the Republic of Kazakhstan, the Central Bank of Armenia and the Bank of Russia.