Currency
BIS and central banks say multi-CBDC platform trial was a success
Central banks of China, Hong Kong, Thailand and UAE took part in US$22 million cross-border trial
Should a CBDC really be like cash?
Electronic and physical cash are fundamentally different and must be treated as such
Fewer central banks report climate strategy
Incineration still most common practice among institutions recycling banknotes
Educating banks is key to CBDC project, ECCB officials say
Crypto asset providers tried to take advantage of CBDC launch, deputy governor says
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