Currency
Central banks have fewer cash distribution centres on average
However, some have added processing facilities in last five years
Most central banks do not own their own printworks
Fewer than a quarter report operating printing plants and two-thirds say they outsource
Most central banks plan no new banknotes in near future
Fewer than a quarter of banks plan new notes in next five years
Eswatini central bank signs contract for CBDC research
Giesecke + Devrient hired as “technical consultant”
Demand for cash in turbulent times
Antti Heinonen analyses trends in cash use as Covid fades, but new shocks take its place
Independence white paper outlines possible Scottish central bank
Proposals map out “the process of establishing a Scottish pound”
Currency round-up
New notes for Paraguay, printing error for Thailand, and news from Peru, Costa Rica and Tonga
Charles III coins will circulate by end of year, says UK mint
New king will appear on 50 pence coin and commemorative issue
PBoC warns investors against renminbi speculation
Central bank seeks to shore up currency after the onshore yuan fell to its lowest against dollar since 2008
Digital dollar could reduce unbanked in US by 93% – Dallas Fed paper
Inclusion need not come at the cost of disintermediation, researchers find
King Charles to appear on Bank of England notes from 2024
Other Commonwealth central banks have made little comment on changeover
Is there a case for a retail CBDC in Japan?
A BoJ-managed, account-ledger ‘digital yen’ tied to the new Kotora payments may offer some potential
US CBDC research ‘could take years’, says Treasury
Report weighs design choices that could underpin digital dollar
Irish central bank will still exchange old banknotes and coins
Authorities take opportunity to remind public that UK paper £20s and £50s are expiring
Myanmar may go on money laundering blacklist, report says
Opposition calls on New York Fed to unfreeze Myanmar assets to back proposed digital currency
US will take ‘some time’ to decide on CBDC, Powell says
Fed chair says it must act to prevent inflation expectations rising
Case for retail CBDC ‘not compelling’ in Singapore – Menon
But MAS is building CBDC and sees some “promising use cases” for digital assets
Nigerian governor announces second phase of CBDC project
E-naira has been used in transactions worth $9.5 million, Emefiele says
Fed issues guidance for banks using crypto assets
Federal Reserve seeks more disclosure from banks holding crypto
CBDCs could hugely improve cross-border payments – ECB’s Bindseil
“Holy grail” of secure, instant universal payments could be a reality in next 10 years, authors say