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Reserve Bank seeks currency management system

Reserve Bank seeks currency management system

The Reserve Bank is hunting potential software system suppliers to manage currency (note and coin) movements to trading banks, receipt of issue to trading banks, receipt of deposits from trading banks and internal transfers within the Reserve Bank.

It says the supplier could provide an existing currency management system, or adapt a generic inventory management system to meet the Bank’s requirements.

The Bank wants the system to reduce data entry levels, better track items at different stages of processing and improve reporting capability.

Indications of interests are to be received by 30 June, after which the Bank will issue a Request for Proposals (RFP). It hopes this process will be completed by the end of July with the deadline for tenders to be received by the middle of September.


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