Recently, Philip Diehl improved his standing at the Industry Council for Tangible Assets (ICTA) when he was promoted to the position of chairman. Diehl was formerly the vice chairman of the organization. He was honored with his new role at the latest meeting for the US Reserve ‘s Board of Director’s meeting.
Diehl is one of the most prominent men in the financial world as he is concurrently the president of the U.S. Money Reserve. Furthermore, there was a time when Diehl was the Director of the U.S. Mint. His extensive experience is why so many important financial organizations are eager to have him on their team.
The ICTA’s primary function is to be a watchdog organization for paper currency, rare coins, and other forms of precious currency such as metal bullions. The ICTA makes sure that the business climate across all of the U.S. remains favorable for conducting business. Through the ICTA various governmental agencies cooperate, and consult with each other to find solutions to the problems they regularly face. Read more: U.S. Money Reserve featured on EPN’s Enterprise Radio
Diehl is known as an ambitious leader who is not afraid to take charge on important issues. Back in 2013, he led the ICTA in an effort to make corrective measures to Minnesota statutes regarding bullions. Minnesota had introduced rules that put unnecessary burdens on its bullion dealers and customers and this was bad for business within the state.
Diehl recognized the problem and then drew upon his extensive experience as a state regulator to design new proposals for the Minnesota state legislature. Due to Diehl’s finesse in the matter, the Minnesota legislature approved a new bill regarding regulatory burdens placed on bullions and the bill was signed into law by Governor Mark Dayton.
According to Goodsearch, in his new role of US Money Reserve chairman, Diehl plans to continue the good work already accomplished. He will have the ICTA focus on aiding its members as much as possible while making efforts to bring more members into the fold.
He believes that by increasing cooperation and communication the ICTA can improve its financial resources and make a valuable contribution to its members. In a speech, Diehl said he was excited to be in his new position and to move the ICTA forward in new legislative efforts.
Many think Diehl to be on of the most prestigious men to be in charge of the U.S. Money Reserve. His experience is respected by all in the industry. You can read more about Philip Diehl here in a recent press releave