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hologram manufacturers)
Stefan Hardt trained as a bank clerk and worked as a loan consultant before joining the Deutsche Bundesbank in 1985. After graduating in Business Administration from the Bundesbank's University of Applied Sciences, he held various positions in cashless payments and banking supervision at the Central Office in Frankfurt am Main.
In 1996, having successfully completed the civil servant training programme for admission to the Higher Service, Stefan was appointed Deputy Head of the Internal and External Procedures in Cash Payment Operations Division, and subsequently promoted Head of the Future of Cash Office in 2005.
Stefan became Head of the Cash Payments and Automated Cash Processing Division in 2006 and Deputy Director of General Cash Management in 2009. He was then named President of the Bundesbank's Regional Office in Rhineland-Palatinate and Saarland.
Since January 2015, Stefan is Director General of Cash Management.
The COVID-19 pandemic has led to a sharp increase in banknotes in circulation around the world, and yet the overall use of cash at the point of sale has declined. Cashless payment instruments, on the other hand, have gained greater acceptance, which has led to more frequent use globally. But how will cash demand change once a new normal sets in?