The world of banknotes and cash is relatively secretive, understandably so. Whilst Central Banks are sensitive to information relating to the security incorporated into the national currency, commercial banknote printers tend to protect their commercial positions and maintain secrecy around their technologies, activities and performance. Hence, informed, instructive and impartial data on the banknote and high security document market is correspondingly – and understandably – restricted.
The result is that bona fide organisations involved with the sector lack independent, objective information on, for example, the best banknote security features, specifications and procurement best practices to ensure that the final specification balances cost against security, value of a specific denomination and operational efficiency.
SMI’s response to this has been to provide Central Banks and Issuing Authorities with well informed objective advice based on information gained through its position of independence within the cash industry.