Central Banking

BIS praises ‘complex’ payments reform in Macedonia


Macedonia boosted innovation and efficiency in its payments industry with a host of "complex" reforms enacted in 2001, according to the Bank for International Settlements (BIS), and is still extending its legal framework in anticipation of joining the European Union.

The BIS produces 'Red Books' aimed at raising the "understanding and awareness of financial market infrastructures and associated arrangements" across the globe. Its latest document, released today, was compiled by BIS Committee on

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