Programme

Programme

Programme

09:0009:30

Registration & Coffee

09:00 - 09:30

09:3010:30

Effective Use of Standardisation in Cash Processing

16:00 - 17:30

  • Opportunities and requirements of standardisation  

  • Overview of key issues and barriers to standardisation

  • Discussion: how can central banks collaborate in the cash processing system

Amir Safranovich

Head of Cash Management

Bank of Israel

Amir Safranovich has been with the Bank of Israel since 1997. Mr Safranovich has headed the Cash Management Division in the Currency Department of the Bank of Israel since 2003.

He is responsible for determining and implementing cash management policy in Israel and among other things, he is responsible for the supervision of cash centre, the regulation of the cash market, the contingency plan for cash, the banknotes quality standards, the reduction of counterfeits in circulation and the BOI cash centres operation.

Previous to this appointment, Mr Safranovich worked in the Banking Supervision Department in the Bank-Customer Relations Unit (1997-2003). He has a Master of Science degree in Economics from the Technion - Israel Institute of Technology, and an MBA from Bar Ilan University.

10:3011:00

Morning Break

11:00 - 11:30

11:0011:30

Data Analytics & Data Mining: New methods for currency management

11:00 - 11:30

  • Unlocking the potential of data

  • How is artificial intelligence being used in currency management?

  • How are central banks mining external data to manage currency?

  • Trends in data analytics for currency management

Amir Safranovich

Head of Cash Management

Bank of Israel

Amir Safranovich has been with the Bank of Israel since 1997. Mr Safranovich has headed the Cash Management Division in the Currency Department of the Bank of Israel since 2003.

He is responsible for determining and implementing cash management policy in Israel and among other things, he is responsible for the supervision of cash centre, the regulation of the cash market, the contingency plan for cash, the banknotes quality standards, the reduction of counterfeits in circulation and the BOI cash centres operation.

Previous to this appointment, Mr Safranovich worked in the Banking Supervision Department in the Bank-Customer Relations Unit (1997-2003). He has a Master of Science degree in Economics from the Technion - Israel Institute of Technology, and an MBA from Bar Ilan University.

11:3012:30

Data Analytics for Demand Forecasting

11:30 - 13:00

  • Framework for identifying and assessing drivers likely to influence banknote demand

  • Key features of models and frameworks for now-casting and forecasting 

  • Tips for effectively combining quantitative and qualitative data and variables 

  • Emerging trends in the applications of advanced data analytics

Richard Wall

Former Managing Director, Currency Department

Bank of Canada

Richard Wall recently retired from the Bank of Canada after 28 years of service. During his career, he has held various positions within the Corporate Services and Currency departments. In 1990, he was Building Consultant leading the design and construction of the cash processing centers in Montreal and Toronto. By 1998, he was appointed the project manager for the New Note Series Project and joined the Central Bank Counterfeit Deterrence Group (CBCDG) as project director in 2001.

He later became Director of Currency Operations in 2004, responsible for banknote production and distribution. In this role, he undertook the redesign of the banknote supply chain, including leading the negotiations for major service and supply agreements related to the new polymer banknote series. 

In 2013, he was appointed Managing Director of the Currency Department responsible for all aspects of the Bank of Canada’s Currency function. Under his leadership, the department reorganized to reflect the operational and budgetary impacts of polymer implementation issued two commemorative notes and developed and produced the first note of the next polymer series.

12:3013:30

Lunch

13:00 - 14:00

13:3015:00

Banknote Analytics: Its building blocks and Tech Toundations

13:30 - 15:00

  • Making the cash cycle more cost-efficient and sustainable 

  • Utilising cash flow data to maximize currency lifecycle

  • Understanding migration patterns of local currency

  • Practical use of banknote serial-number reading

Richard Wall

Former Managing Director, Currency Department

Bank of Canada

Richard Wall recently retired from the Bank of Canada after 28 years of service. During his career, he has held various positions within the Corporate Services and Currency departments. In 1990, he was Building Consultant leading the design and construction of the cash processing centers in Montreal and Toronto. By 1998, he was appointed the project manager for the New Note Series Project and joined the Central Bank Counterfeit Deterrence Group (CBCDG) as project director in 2001.

He later became Director of Currency Operations in 2004, responsible for banknote production and distribution. In this role, he undertook the redesign of the banknote supply chain, including leading the negotiations for major service and supply agreements related to the new polymer banknote series. 

In 2013, he was appointed Managing Director of the Currency Department responsible for all aspects of the Bank of Canada’s Currency function. Under his leadership, the department reorganized to reflect the operational and budgetary impacts of polymer implementation issued two commemorative notes and developed and produced the first note of the next polymer series.

15:0015:30

Afternoon Break

15:30 - 16:00

15:3016:30

Workshop: Data Analytics in Currency Function

15:30 - 16:30

  • Participants will be divided into small groups and using case studies from previous sessions will explore practical use of data in currency management
Richard Wall

Former Managing Director, Currency Department

Bank of Canada

Richard Wall recently retired from the Bank of Canada after 28 years of service. During his career, he has held various positions within the Corporate Services and Currency departments. In 1990, he was Building Consultant leading the design and construction of the cash processing centers in Montreal and Toronto. By 1998, he was appointed the project manager for the New Note Series Project and joined the Central Bank Counterfeit Deterrence Group (CBCDG) as project director in 2001.

He later became Director of Currency Operations in 2004, responsible for banknote production and distribution. In this role, he undertook the redesign of the banknote supply chain, including leading the negotiations for major service and supply agreements related to the new polymer banknote series. 

In 2013, he was appointed Managing Director of the Currency Department responsible for all aspects of the Bank of Canada’s Currency function. Under his leadership, the department reorganized to reflect the operational and budgetary impacts of polymer implementation issued two commemorative notes and developed and produced the first note of the next polymer series.

16:3017:00

Delegate Action Points & Closing Remarks

16:30 - 17:00

  • Summary of the course’s main points

  • Discussion of the observed trends and case studies

  • Application of learning points in the delegates’ home organisations

  • Preparation of action points

Richard Wall

Former Managing Director, Currency Department

Bank of Canada

Richard Wall recently retired from the Bank of Canada after 28 years of service. During his career, he has held various positions within the Corporate Services and Currency departments. In 1990, he was Building Consultant leading the design and construction of the cash processing centers in Montreal and Toronto. By 1998, he was appointed the project manager for the New Note Series Project and joined the Central Bank Counterfeit Deterrence Group (CBCDG) as project director in 2001.

He later became Director of Currency Operations in 2004, responsible for banknote production and distribution. In this role, he undertook the redesign of the banknote supply chain, including leading the negotiations for major service and supply agreements related to the new polymer banknote series. 

In 2013, he was appointed Managing Director of the Currency Department responsible for all aspects of the Bank of Canada’s Currency function. Under his leadership, the department reorganized to reflect the operational and budgetary impacts of polymer implementation issued two commemorative notes and developed and produced the first note of the next polymer series.

17:0017:01

End of Course

17:30 - 17:31