News/Currency
Argentina and Brazil’s currency proposal met with scepticism
Experts say it is unclear whether governments want currency union or trade settlement mechanism
Argentina and Brazil to begin studying common currency
Minister says countries are taking “first step” in project
BoE unveils King Charles III note design
New print will enter circulation by mid-2024
Brazilian governor outlines digital wallet and CBDC plans
Governor says CBDC model should avoid flight from bank deposits
Currency round-up: Yellen’s signature added to US money
Singapore ends practice of printing new year notes; new coins in Canada and Ghana; and more
Nigerian central bank limits cash withdrawals
Governor says policy will increase cashless payments use and cut crime, but politicians criticise move
Ethiopian central bank orders branch reopening in conflict-affected areas
Banks must complete audits and collect non-performing loans
Bank Indonesia announces CBDC plan
Central bank will test wholesale and retail CBDC as Warjiyo says private digital assets pose new risks
Currency round-up: BEAC to launch new banknote series
Afghanistan permitted to import new notes; Canada shortlists banknote figures; and more
Project shows blockchain making FX trades faster and safer – NY Fed
Tests by NY Fed and BIS settles FX spot trades in less than 15 seconds
Banknotes: RBA consults over putting King Charles on currency
Qatar issues World Cup commemorative currency, and Laos brings out upgraded banknotes
Fed’s stability report warns over global tightening and stablecoins
Stablecoins face possible runs while strong dollar poses EM risks, Fed says
Nigerian governor says new banknotes will lessen cash hoarding
Governor says 85% of notes are outside banking system as finance minister criticises move
China’s CBDC will have “managed” anonymity, says PBoC governor
Yi Gang says authorities must balance between protecting privacy and fighting illicit activity
Uses of CBDC are unclear, several officials say
Officials differ over whether digital currency could increase financial inclusion
BIS and central banks say multi-CBDC platform trial was a success
Central banks of China, Hong Kong, Thailand and UAE took part in US$22 million cross-border trial
Educating banks is key to CBDC project, ECCB officials say
Crypto asset providers tried to take advantage of CBDC launch, deputy governor says
Independence white paper outlines possible Scottish central bank
Proposals map out “the process of establishing a Scottish pound”