Nominations are now being invited for the 7th IACA Excellence in Currency Awards, to be presented in conjunction with the 2017 Currency Conference which takes place 14-17 May in Kuala Lumpur.

The awards were introduced in 2007 to promote and recognize excellence in currency production. processing, management and distribution and are open to any organization for products and systems, as well as issuing authorities, commercial banks and enforcement agencies.

IACA is seeking nominations for awards in five categories for this round:

iaca_finalistBest New Banknote or Series: refers to a continuing circulating note or series, not a limited issue. Assessment criteria include the innovation of the design and security features; uniqueness; historical or local content that is relevant to the country concerned; aesthetic appeal; and integration of security features with graphic

Best new commemorative or limited circulation banknote: refers to a commemorative or limited circulation banknote that has been issued into circulation to test and evaluate new security feature(s) or elements, such as substrate or other technical innovation. The banknote must be legal tender in the country in which it is issued.

iaca_trophyBest communications award: includes communications programs by central banks, suppliers, or other organizations in the banknote or coin industries. Communications projects include public education programs, websites, apps, social media programs, and other outreach to internal or external stakeholders

Best Banknote Processing Innovation: a new idea or method involving banknote processing at a central bank, or related to banknote distribution systems, or a significant strategic change or policy that resulted in improved efficiency and effectiveness in the cash cycle.

Best new house note: A house note is one developed to explore and evaluate high security banknote design, engraving, printing, features, characteristics, and innovations. House notes are not issued into circulation and have no monetary value.


Nominations in all categories must be for projects launched during the period from January 2015 through January 2017. They can be made via IACA’s Website (www.currencyaffairs.org) and organizations can nominate themselves, their customers or suppliers. The closing date is 3rd February 2017.

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New Guidelines

IACA has published updated Guidelines to the IACA Excellence in Currency Awards, which explain the process of nomination and judging, and requirements for the awards.  The Guidelines can be found HERE.

The number of award nominees has increased over the years as industry participants have come to understand the importance of IACA’s recognition. IACA’s Excellence in Currency Awards are presented in three venues; banknote awards are presented at the Currency Conferences, currency technical awards at the Banknote Conferences, and circulating coin awards at the Coin Conferences.

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