Cash in focus
The topic of cash has fallen under a particularly intense media spotlight in 2016. While some regard money as being "minted freedom", others view it as having already been replaced by electronic payment methods. The Bundesbank is bringing together senior representatives from a diverse range of fields to talk about the topic at its third cash symposium on 13 June.
Jens Weidmann, President of the Deutsche Bundesbank, will open the symposium with a short address. He will be followed by Carl-Ludwig Thiele, Member of the Bundesbank's Executive Board, who will hold a speech on the significance of cash in Germany.
Hans-Jürgen Papier, former President of the Federal Constitutional Court, will then talk about "Current cash developments". Volker Wieland, Managing Director of the Institute for Monetary and Financial Stability at the Goethe University in Frankfurt, will deliver a speech on "The role of cash in monetary theory and monetary policy". In addition to philosopher Richard David Precht (title of speech: "Money through the lens of philosophy"), representatives of various associations will also speak during the afternoon. They include Michael Kemmer, General Manager and Board Member of the Association of German Banks, and Josef Sanktjohanser, President of the German Retail Association (HDE). The symposium will be moderated by Philipp Otto, editor-in-chief of the publication "Zeitschrift für das gesamte Kreditwesen".
The event is taking place at Hotel Steigenberger Frankfurter Hof (Am Kaiserplatz, Frankfurt am Main 60311; Address for satnavs: Bethmannstraße 33) in Frankfurt am Main. The event will be recorded and the video will be made available on the Bundesbank's website.