TARGET GROUP | Central bank experts involved in managing the process of cash supply and circulation and/or payment systems.
DESCRIPTION | This three-day course covers the organization of cash circulation in Austria, namely cash infrastructure, the cash supply process, current developments in cash circulation, and the role of the Oesterreichische Nationalbank in the European context. Participants will learn about the production and processing of banknotes and coins (including the destruction of unfit banknotes and coins), and the organization of transport and vaults. The course highlights important aspects of cash as a means of payment and discusses future challenges.
The course also provides information about national and European inter-bank payment systems, and grants insight into the role of the Oesterreichische Nationalbank. Trends and developments in the Austrian payment services, as well as the existing and future Eurosystem market infrastructure (e.g. TARGET2 - Trans-European Automated Real-time Gross Settlement Express Transfer System – and the Vision 2020 projects) and related topics will be presented from both an Austrian and an international perspective. The course will also cover the national clearing infrastructure.
The course features guest lecturers from relevant partner institutions as well as guided tours. Participants are requested to give short presentations on the role and responsibilities of their respective central banks and are encouraged to participate actively in the discussions.