What is the purpose of the MoU between currency printing industry and research councils?

The Memorandum of Understanding (MoU) between currency printing industries and research councils serves the purpose of fostering collaboration and knowledge exchange between these two entities. The currency printing industry requires constant advancements in security features and technology to combat counterfeiting, while research councils play a crucial role in conducting cutting-edge research and development activities. The MoU allows for mutual cooperation, sharing of insights, and access to resources, facilities, and expertise. This collaboration aids in the development of new and improved security features, techniques, and materials for currency production, ensuring the integrity of monetary systems and protecting against illicit activities. Furthermore, it enables the exchange of information pertaining to emerging trends, challenges, and best practices in the field, promoting innovation and enhanced security standards within the currency printing industry.

This mind map was published on 19 December 2023 and has been viewed 33 times.