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Technology – The Core Service Differentiator for The ... - IDRBT

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Currency Management and<br />

<strong>Technology</strong> – Opportunities Galore<br />

Currency Management - a <strong>for</strong>midable task in India<br />

given…<br />

• the geographical size, the volume and value of notes and coins in<br />

circulation, preference <strong>for</strong> cash and currency handling practices<br />

• ...but technology offers immense opportunities to improve<br />

per<strong>for</strong>mance<br />

RBI’s <strong>The</strong> Clean Note Policy (1999)<br />

Establishment of 2 state of the art currency presses<br />

<strong>Technology</strong> driven anti counterfeit measures<br />

48 fully automated Currency Verification & Processing Systems<br />

21 Shredding and Briquetting Machines<br />

INSTITUTE FOR DEVELOPMENT AND<br />

RESEARCH IN BANKING TECHNOLOGY<br />

October 9, 2004<br />

Vepa Kamesam, Chairman <strong>IDRBT</strong>

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