In June, the Mint Director’s Association held a webinar focusing on artificial intelligence (AI) as a tool and how it can be implemented to improve productivity. Titled ‘The Future is Here: How Artificial Intelligence Will Change Modern Minting’, the webinar was hosted by Aditya Berlia – an entrepreneur, educator, and AI advocate – and sponsored by Carveco.

AI is an inevitable evolution in many aspects of the minting business. At its core, it automates repetitive tasks, making it a powerful tool for numerous applications within a modern mint.

Researchers at the Centre for Pattern Recognition and Machine Intelligence at Concordia University in Montreal, Canada have utilised image-mining techniques and machine learning algorithms to identify flaws in counterfeit coins, enabling greater detection of fakes.

Earlier this year, the World Money Fair Technical Forum celebrated its 20th anniversary, with 15 papers presented at the event in total. This article is the third and final summary of the remaining five papers which have yet to be reviewed in previous issues of Coin & Mint News™.

‘The Future is Here: How Artificial Intelligence Will Change Modern Minting’ is the title of the Mint Directors Association’s webinar focusing on artificial intelligence as a tool and how it can be implemented to improve productivity.

Beside cashless payments, coins are still a part of modern life. Minting, circulating and recirculating of coins remains a great responsibility for mints and central banks. Depending on the quality of the coin, the lifespan of hard cash can be 10 years or more.

This year the Technical Forum celebrated its 20th Anniversary at the World Money Fair, with some 280 people attending either in person or online. A total of fifteen papers were presented, with this month’s review continuing on from the March issue and covering the middle third of these presentations.

The Casa da Moeda do Brasil celebrated its 330th anniversary earlier this month with the launch of a commemorative medal featuring augmented reality (AR) technology. The medal is available in either bronze or silver and features invisible ink in addition to the AR technology.

The Central Bank of Kosovo has released details of its efforts to fight counterfeit currency, noting that it had successfully coordinated inter-institutional meetings to design and implement effective strategies to combat the circulation of counterfeit coins, especially €2 coins.

The World Money Fair Technical Forum celebrated its 20th anniversary this year, just two years after the main event commemorated its half-centennial, having been established in 1972. In this month’s issue of Coin & Mint News™, we review the first five papers from the Technical Forum, with subsequent issues to cover the remainder.