Currency
The role of e-cash in China
The use of e-cash stored on integrated circuit cards notably reduces cash handling fees and increases security. It also offers greater convenience notwithstanding the rise of mobile payments
UK cash system needs revamp, says Payment Systems Regulator chair
Charles Randell tells lawmakers the regulator will look at entire cash provision infrastructure in 2019
Interview: Jussi Kangas on the future of cash
Bank of Finland adviser says it’s challenging to keep the cash cycle efficient as usage falls
Rwanda to issue new banknotes
New 500 and 1,000 franc notes will have new security features and design elements
Adverse environment forces banknote firm Arjowiggins Security to close
Paper specialist forced to liquidate UK and French holdings despite restructuring
Liberia steps up monitoring of NPLs
New credit reference system to help financial institutions keep track of credit history and debt obligations; investigation ongoing into ‘missing’ banknotes
Zimbabwe’s government hunts for dollar alternative
Continuing with dollarised economy could mean return to hyperinflation, economist says
Book notes: Democratizing Money?, by Beat Weber
This is a timely book about ‘how money really works’
UK’s Link implements new fees in bid to halt ATM closures
Subsidy paid by banks to cash machine operators rises to up to £2.75
Fed launches banknote app for children
App provides details of security features, mimicking raised intaglio print through vibrations
Innovation prompts firms to hold more cash – IMF paper
Firms must hold enough liquidity to insure against risky research and development
Private mints to help with £1 overseas distribution
Royal Mint will provide blanks for overseas territories but design and distribution is responsibility of individual regions
Central Bank of Kenya intervenes amid coin confusion
No limits on coin distribution, central bank says, following reports initial caps remain in place
Nepalese central bank seeks Indian help over large denomination notes
Nepal Rastra Bank asks RBI to permit new Indian notes to be used as legal tender