News/Currency
BoE to close cash distribution centre in 2023
Cash operations will continue at Debden site while BoE reviews geographical footprint
Riksbank to open two contingency cash offices
Offices will be opened this year and next to guard against disruptions to cash supply
Venezuela releases three new banknotes amid hyperinflation
High-denomination notes reflect ongoing surge in prices
Irish central bank to gain stronger anti-counterfeiting powers
Draft law makes Irish central bank national currency analysis centre and gives it enforcement role
Sudanese central bank changes currency regime
Central bank cuts official exchange rate sharply after years of major over-valuation
PBoC subsidiary sets up joint venture with Swift
New initiative could be involved in internationalising renminbi and developing digital currency
Syrian central bank issues new banknote
New 5,000 lira note is issued as expert estimates that war-torn country’s inflation has reached 179%
MAS urges Singaporeans to use digital ‘red envelopes’ during Lunar New Year
E-hong bao help reduce the carbon emissions of printing banknotes, MAS says
Dutch cash deposit ATMs to close after explosive robbery
Banks and police are struggling to combat a spate of ATM bombings
PBoC eases cross-border yuan settlement policy
Central bank promotes use of yuan in cross-border settlement and financing
Thai central bank relaxes FX rules to curb currency’s strength
Central bank says it is considering further liberalisations to currency regime
Australian Senate axes plans to ban cash usage above $10,000
Controversial bill threatened to jail those conducting large cash transactions
Cuba ends dual-currency regime
Communist regime to merge convertible and domestic peso in major economic reform
BoE needs ‘better handle’ on control of UK currency
Lawmakers highlight the UK’s disjointed cash management, which could put consumers at risk, they say
Pandemic accelerates decline in eurozone cash usage – ECB
During 2016-19 cash gradually declined as means of payment, but was still first option
Covid-19 likely to have major effect on UK cash usage – BoE
Risk of Covid transmission via banknotes diminishes significantly over time, BoE study finds
German contactless payments rose due to Covid-19
Bundesbank board member says pandemic changed consumers’ use of debit card system
New polymer banknotes are greener and cheaper – T&T governor
Central bank plans to review coin denomination usage later this year, Alvin Hilaire says
RBNZ looks to bolster capabilities as ‘steward’ of the cash system
Central bank launches review of cash system and increases engagement with financial industry
China starts public trials of experimental CBDC
PBoC and Shenzhen local government issue digital yuan to test retail payments