Currency
The renminbi in focus: reserve managers see promise
Reserve managers see potential in the renminbi and expect the International Monetary Fund to increase its weighting at the next special drawing rights reassessment
The renminbi’s inclusion in the SDR adds impetus to its internationalisation
Bank of China (Hong Kong) highlights the importance of opening up the onshore renminbi (RMB) foreign exchange market and improving the development of offshore RMB FX markets
ECCB extends digital cash to St Vincent
CBDC pilot expanded to fifth country as it struggles with aftermath of volcanic eruption
Check under your cushions, urges Chilean central bank
Pandemic has led to shortage of coins in circulation, causing problems for retailers
China’s capital controls: here to stay?
With China’s share of the domestic central government bond market significantly increasing in just a few years, and the International Monetary Fund including the renminbi in its special drawing rights basket of currencies, China is enjoying growing…
Canadian cash volumes rose in pandemic
BoC says increase driven by stockpiles of big notes and interruptions in circulation
Five years of the renminbi in SDR and its adoption in central bank portfolios
Policy-makers discuss what has impacted the renminbi’s adoption as a global reserve asset over the past five years.
The evolution of the renminbi
Central Banking speaks to five policy-makers about their thoughts on the prominence of the renminbi within central bank reserves following its inclusion in the International Monetary Fund’s special drawing rights.
UK public has ‘reasonable’ access to cash, regulators say
But pandemic made it difficult for people to access and pay with cash, new research finds
Vietnam central bank and US Treasury sign currency pact
US had briefly labelled Vietnam a “currency manipulator”
Solomon Islands relaxes capital controls
Central bank raises limits on currency exports
RBNZ to consider CBDC as cash use declines
Assistant governor says trust in financial system may be weakened by fall in cash use
PBoC continues crypto trading crackdown
Chinese deputy governor says PBoC will widen tests of ‘digital yuan’ CBDC prototype
Lithuania’s central bank bolsters cash services
Central bank signs agreement with banking sector to maintain minimum level of cash provision
Carney warns CBDC delays play into hands of big tech
Failure to launch CBDC risks entrenching power of tech firms, former BoE governor says
BoE completes transition to polymer
New £50 banknote featuring scientist Alan Turing enters circulation
Cuba bars dollar cash deposits
Country struggling with sanctions as inflation spirals
Fed extends nine dollar swap lines to year’s end
Federal Reserve established liquidity arrangements with foreign partners at start of pandemic
Malawi picks G+D for currency processing contract
German-based firm already provides processing services to the Federal Reserve
EU common debt to boost euro’s international role – ECB
Currency still faces negative rates, fragmented debt market and lack of triple-A assets
Are we entering the polymer age?
CCL Secure explores the security and anti-counterfeit benefits of polymer banknote technology. As this developing technology reveals its advantages over traditional paper-based banknotes, could we soon see a shift in the status quo in polymer’s favour?
Cash infrastructure as public good – implications for the cash cycle
Efforts are under way in the Eurosystem to safeguard cash infrastructure as a ‘public good’ even as transaction volumes have fallen significantly. How can policy-makers strike the right balance?