The MNB Technical Cooperation Programme 2024 commenced with a seminar on Cash Logistics

From March 18 to 22, 2024, the Magyar Nemzeti Bank (MNB) initiated the second year of its Technical Cooperation Programme with a new topic of significant interest. Launched in 2023, the programme is designed to enhance professional collaboration among central banks and to showcase MNB's best practices to its partners.

During seminar titled "Innovation and Cash – How is it possible? Cash management practices at MNB", experts from 18 countries across the Balkans, Caucasus, North Africa, the Middle East, Central Asia, and Southeast Asia gathered to explore the best practices of cash logistics of Hungary.

Since its establishment in 2008, the MNB Logistics Centre, along with the operational model and regulatory frameworks developed and maintained by the MNB for the domestic cash cycle, has become a significant reference point for numerous central banks worldwide. Between 2010 and 2024, representatives from 28 central banks visited the Logistics Centre on a total of 76 occasions to study MNB's operations, process development, and regulatory solutions, with the aim of applying this knowledge to develop and modernize their own cash logistics systems.

This global interest led to the establishment of the MNB's cash logistics seminar within the Technical Cooperation Programme. The seminar offered participants practical insights into various aspects of the cash supply chain, the development of the Hungarian cash cycle's regulatory framework, and initiatives related to the development and anti-counterfeiting measures of Hungarian banknotes. In addition to acquiring knowledge about the operations of the MNB Logistics Centre, participants were provided with comprehensive information on the banknote and coin production and the commemorative coin issuance. The cash logistics experts were introduced to cash demand forecasting methods, as well as qualitative and quantitative research methodologies, thus expanding their theoretical knowledge and practical experience.

Themed “From Tradition to Innovation”, the MNB Technical Cooperation Programme offers three more seminars in 2024:

22-25 April: Green and Sustainable Finances – Introducing the MNB’s Green Program

14-17 October: Financial Infrastructures, Payments and Digitalisation

25-28 November: Monetary Policy Instruments and Crisis Management

Vissza a tetejére

The primary objective of the MNB shall be to achieve and maintain price stability. (...) Without prejudice to its primary objective, the MNB shall support the maintenance of the stability of the system of financial intermediation, the enhancement of its resilience, its sustainable contribution to economic growth; furthermore, the MNB shall support the government’s economic policy and its policy related to environmental sustainability, using instruments at its disposal.