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| Above, yours truly and Mitch Geriminsky with U.S. Mint Director Ventris C. Gibson at the National Money Show earlier this month in Phoenix. |
With things going haywire in the financial world lately, delegates representing the world's mints (including the U.S. Mint) will be holding a conference in Canada in October. One would think they would meet sooner given the situation the financial markets are in.
Numismatic News reported:
Readily accessible cash is critical to the ability of societies to go about their daily lives, according to the International Mint Directors Association.
The IMDA and the International Mint Directors Network will gather more than 300 delegates from the minting and related industries to discuss the future of circulation coins, collector coins and bullion on October 15-18 in Canada. It is the first time in five years the Mint Directors Conference will be held.
Looking ahead a Foundation of International Mint Industry Association statement reads, “2022 closes with a world economy struggling to deal with heightened geopolitical uncertainty and with growth rates for 2023 at best challenged and potentially in decline. The inflation ‘genie’, generally under control over the past decade or so, is now out of the bottle and as central banks attempt to reign it in, the impact of a rapidly increasing interest rate response is placing households and consumers under serious strain.” The FIMIA was established as the successor to the Mint Directors Conference in June 2022, the former organization having been founded in 1962.
To read more, go here.
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