Morphis, Inc. Understands the Currency Supply Chain and Provides the Only End-To-End Solution In the ATM, Banking, and Armored Carrier Industries
Today, sovereign nations, seeking to establish a uniform medium of economic exchange within their country will issue currency (dollars, pounds, Euros, yen, and yuan etc). Typically, currency takes physical form as paper notes and metal coins (collectively referred to here as cash).
Cash is manufactured in a variety of “face values” known as denominations. In every country the currency of the land “circulates” up and down a supply chain that connects the government to the central bank to commercial banks and then to businesses and citizens. Upon manufacture, cash is delivered by truck to one or more central bank branches for downstream distribution into the currency supply chain.
The currency supply chain is comprised of central banks, depository institutions (banks) and the bank’s customers - commercial businesses (retailers) and the general public (consumers). The movement of cash between these supply chain participants is linked together by cash-in-transit vendors.