Currency
Cash in circulation to remain elevated, Bank of Canada research says
Withdrawal and deposit relationships and high denominations to blame
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
Book notes: The political economy of the special relationship, by Jeremy Green
Unsatisfactory story about the decline and resurgence of the UK’s importance in the global financial system
Bank of Canada may speed research into central-bank e-currency
Deputy governor says digital cash “not foregone conclusion,” criticises crypto
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%
ECB reports historically low counterfeit volumes
€20 and €50 remain the most counterfeited, central bank data shows
Book notes: The currency cold war, by David Birch
Pleasant and interesting read on if digital money will jeopardise US dollar’s dominance in global trade and finance
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
The role of Tips for the future payments landscape
Tips could play a critical role in providing the infrastructure for a digital euro as well as facilitating fast and efficient cross-border payments
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
The long-term impact of Covid-19 on banknote demand
Cash usage assumptions challenged at a time when central banks make limited use of longer-term forecasts
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