Currency
HKMA launches next phase of CBDC pilot and sandbox
Hong Kong project will explore programmability, tokenisation and atomic settlement
Bulgaria unveils euro coin designs after central bank act amended
Accession to single currency delayed due to high inflation and legal barriers
Iraqi central bank blocks dollar access to eight lenders
US official praises “progress” but says some Iraqi lenders are still breaking sanctions on Iran
Book notes: Easy money, by Dror Goldberg
Interesting interpretations but hard to view 1690s Massachusetts paper as the invention of modern currency
Italian governor concerned over Russian asset seizure, officials say
Panetta says renminbi has overtaken euro as international currency since Russia invaded Ukraine
CBDC is inevitable
Central bank digital currency should be thought of as a platform rather than a product, writes Dave Birch
Post-GFC market segmentation ‘caused dollar costs to rise abroad’
Dallas Fed research sees new role for US in providing central bank swap lines
Kosovo’s central bank rules cash transactions must be in euros
From February 1, currencies such as the Serbian dinar will not be accepted
Levelling the playing field for stablecoins
Regulatory asymmetries are a barrier to innovation in digital payments
CBDCs are subject to ‘trilemma’, ECB paper warns
Research builds on Diamond-Dybvig model to examine possibility of runs on central banks
CBDCs are unlikely to be successful
Most money is already digital, and currency has lost its central function, writes former Barbados governor DeLisle Worrell
Banknotes: October to December 2023
A round-up of news and salient issues that have affected central bankers in the past three months
ECB invites entrants for wholesale ‘digital euro’ trial
CBDC work in 2024 will test Banque de France, Bank of Italy and Bundesbank DLT solutions
Bank of Russia raises rates again
Nabiullina warns of “pro-inflationary risks” from increased government spending on war
Taiwan central bank completes feasibility study on wCBDC
Deputy governor says CBDCs could form “foundation of trust” for future monetary system
Canada introduces first Charles III coins
Argentina updates 2,000-peso note; ECCB commemorative note honours cricketer; and more