Issue Feb. 17, 2020

 
Overview:
 
  1. China: Central Bank started banknote cleaning process // Spectra Systems: Aeris™ BN Cleaning System
  2. De La Rue: Under pressure from lenders - open credit facility of  £275m
  3. Armenia / G+D: PM is visiting HQ of Giesecke + Devrient
  
 
Announcement
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1. China: Central Bank started banknote cleaning process // Spectra Systems: Aeris™ BN Cleaning System
 
  • The Central Bank of China has just started a banknote cleaning process in order to slow down the spread of the coronavirus.
  • China is disinfecting / isolating used banknotes via using ultraviolet light or high temperatures to disinfect yuan bills, then seal and store the cleaned banknotes for seven to 14 days - depending on the severity of the outbreak in a particular region - before recirculating them
  • The World Health Organization has said that it is not yet clear how long the the coronavirus can survive on surfaces and objects, including money. Preliminary information has shown it can survive a few hours or more, but can be killed with basic disinfectants
I ) Side Information / Study of bacteria on banknotes conducted in 2017 in New York
  • During a study conducted in New York in 2017 ("A metagenomic pilot study of microbes found on circulating currency in New York City" - link here) it was found out that ~397 bacterial species living on the surface of a banknote.
  • The virus of a flue can survive up to 12 days on a banknote.

II) Aeris™ Banknote Cleaning System by Spectra Systems (link here and here)
  • Years ago Spectra Systems, a currency / banknote technology company, has already developed a banknote cleaning solution designed to reduce costs of replacement by extending the life of banknotes. 
  • The Aeris™ banknote cleaning system lifts sebum and other substances from the banknote through a dry process which is based on supercritical CO2 cleaning.
  • Additionally, hazards such as bacteria, viruses, and toxins are neutralized, thereby providing protection for processing staff.
Link to Source
2. De La Rue: Under pressure from lenders - open credit facility of  £275m
 
  • De La Rue is under pressure from De La Rue's banking syndicate, which is led by HSBC.  They have FTI Consulting to oversee negotiations over DLR's future borrowing arrangements and to review the financial situation at De La Rue.
  • De La Rue has a £275m credit facility due to expire towards the end of 2021 - and is now in negotiations with the banking syndicate how to move on with the credit facility.
Link to Source
3. Armenia / G+D: PM is visiting HQ of Giesecke + Devrient
 
  • Prime Minister Nikol Pashinyan is currently visiting the headquarter of Giesecke+Dervient where he is meeting with the company’s CEO Ralf Wintergerst. 
  • Giesecke + Devrient is the provider of the new Hybrid banknote series for the Central Bank of Armenia - previous Banknote Industry News Issue can be found here
 
Announcement
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