Currency
Bank Indonesia announces CBDC plan
Central bank will test wholesale and retail CBDC as Warjiyo says private digital assets pose new risks
BoJ to test CBDC next year, reports say
Two-year pilot project will examine whether digital currency can work without internet access
Currency Benchmarks 2022 report – executive summary
Cash far from extinct and volumes continue to grow in many places
Currency Benchmarks 2022 report – a slow evolution continues
Cash usage persists, polymer makes advances and volumes are expected to rise
FTX collapse: what went wrong?
Regulators close in as downfall of major exchange rips through crypto sector
Currency round-up: BEAC to launch new banknote series
Afghanistan permitted to import new notes; Canada shortlists banknote figures; and more
BIS tests stablecoins in its first retail CBDC project
Project Aurum with HKMA also explored a token model
Banknote volumes and values rose among most central banks
Most recent estimates show volume and value of circulating notes rising in 2022
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; Laos brings out upgraded banknotes
Banks receive widely varying volumes of damaged cash
Central banks share data on values and volumes of mutilated currency
Fed’s stability report warns over global tightening and stablecoins
Stablecoins face possible runs while strong dollar poses EM risks, Fed says
Most jurisdictions have not withdrawn denominations in past five years
Thirty-two central banks have an average of six denominations in circulation
Nigerian governor says new banknotes will lessen cash hoarding
Governor says 85% of notes are outside banking system as finance minister criticises move
Central bank boards most often make decisions on banknote imagery
Banknotes image types vary from recognised figures to natural phenomena
China’s CBDC will have “managed” anonymity, says PBoC governor
Yi Gang says authorities must balance between protecting privacy and fighting illicit activity
Majority of central banks have access-to-cash policies
More than two-fifths require a minimum level of cash services from banks
Counterfeit banknotes removed from circulation average $425,000
UV ink and intaglio printing are most common security features
Banknotes generally have at least one aid for visually impaired
Raised inks are most common feature, followed by making denominations different sizes
Few central banks use big data tools to forecast currency demand
Forecasting is very common, while few expect big changes in currency needs for 2023