Innovia Security wins ‘Consultancy and Advisory Services Provider of the Year (Bespoke)’ award
15 February 2017
London, England – Innovia Security has been awarded ‘Consultancy and Advisory Services Provider of the Year (Bespoke)’ by the leading industry publication Central Banking Journal.
In their announcement, Central Banking explains that “Polymer banknote provider Innovia Security offers a suite of advisory services from design through to recycling to prepare central banks for the transition to ‘plastic’ banknotes, as highlighted in Nicaragua. Having a trusted consultant on hand to offer advice can make the transition much simpler.”
"We ran a number of tailored seminars with the central bank [of Nicaragua] to ensure the transition from paper to polymer was as smooth as possible," said Innovia Security Managing Director Bernhard Imbach in his interview with Central Banking. "We do not like to leave our clients alone, and so we had a range of courses ready on hand for them."
Innovia's contributions have been fundamental for the [new banknote series] project’s development – the range of issues on which the company provides advice, and their disposition to contribute to our central bank success,” stated Guillermo Selva, Currency Executive at the Central Bank of Nicaragua
But it was the collaboration with local recyclers that was found most impressive by Central Banking.
"The central bank had always intended to work with a recycling programme to reduce our impact on the environment. When using paper notes, the central bank was not able to reuse the bank notes, and incinerated worn-out currency. Following work undertaken by Innovia, we were able to find a viable option for recycling the banknotes as part of the Guardian™ Global Recycling Program," explained Selva.
Central Banking continued: “Innovia's consultancy services span all the way from the benefits of polymer adoption to note recycling. But a number of central banks also take advantage of Innovia's marketing services to ensure members of the public remain confident in their currency once a shift is made to polymer notes.”
"We are now in a new era of banknote production, and it is imperative the public trusts the currency. Without confidence, the notes will not be a success," concluded Imbach.
The 4th annual Central Banking Awards ceremony will take place in London on 23 March 2017.
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