Central Banking

Carney launches ‘safer, cheaper, greener’ banknotes


Mark Carney, the governor of the Bank of Canada, today revealed the latest two polymer banknotes to be produced by the central bank, in denominations of five and ten Canadian dollars.

The notes were unveiled both on earth and 350km above the surface by Chris Hadfield, the Canadian commander of the International Space Station, who gave the Canadians their first look at the $5 note via video link. The note features "robotics innovations" designed by Canadians that were used to build and maintain

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FedNow – at last

The instant payment system might help fix the US’s rusty payment rails, but it also faces competition, says Dave Birch

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