Monday | 5 February 2018 from 09:00 - 16:00
Please note that the Central Bank Summit and subsequent workshops in the afternoon are open to central bank delegates ONLY, and space is limited.
Cash Circulation and Fraud Detection
Moderated by Younes Al Belooki, Central Bank of the United Arab Emirates (CBUAE)
Among the central bank’s many key responsibilities is maintaining financial and monetary stability. Establishing confidence in the national currency is essential when determining currency issuance strategy and policy. A core task of the central bank is to ensure the efficient issuance of high-quality banknotes and coins with the latest security features, to be steps ahead of counterfeiters and to ensure that cash is available at all times to meet public demand.
Moderated by the Central Bank of the United Arab Emirates (CBUAE), the Central Bank Summit will examine topics relating to the central bank’s role in promoting efficient cash circulation and in preventing the counterfeiting of banknotes. Participants will discuss the life cycle of banknotes in circulation and the cycle of change in currency note issues. International perspectives on counterfeit prevention will be shared, with participating central bank representatives discussing new security features on both paper and polymer banknotes that best circumvent fraudulent activity. Perspectives and advice originating from suppliers on counterfeit prevention will also be shared.
Mr. Younes Al Belooki joined the Central Bank of the United Arab Emirates (CBUAE) in 1983 and has 34 years of experience in the currency section. His current role is Assistant Manager and he is the Head of the CBUAE Currency Management Division.
Central Bank Workshop | The Symphony of Aesthetics, Durability, Security and Machine Readability in a New Banknote Series - How the Efficient Design of a New Banknote Series Makes All the Difference
Presented by Thomas Stütz, G+D Currency Technology
This presentation will outline the challenges faced when planning and introducing a new banknote series and the difference that a well-designed Banknote series can make in terms of security, efficient processing throughout the cash cycle, and cost efficiency. The most important stages of banknote development and their impact will be discussed. The stages covered will be the design for aesthetics, the substrate concept for durability, the security features for the different levels of authentication, the machine-readable features for commercial banks and central banks, and finally the introduction of the banknotes to the public. The presentation will cover the theory of best practice techniques, using the new Saudi Arabian banknote family as an example.
Since 2014 Thomas Stütz has been responsible for the Middle East as G+D Currency Technology’s Vice President Key Accounts in the Banknotes Division. During this time he successfully worked on a number of major contracts from Central Banks in the region. Prior to this, he was Head of Sales for Banknotes in the G+D Dubai office, where he was based for eight years. He started his career with G+D Currency Technology in 1999 when he joined a “EURO Task Force” that oversaw the production of euro banknotes for the European Central Bank. After the successful completion of the project he joined the Sales Team for the Middle East. Thomas has a Degree in “Betriebswirtschaftslehre” (Business Management) from the Ludwig Maximilian University in Munich, where he graduated in 1999.