Currency
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
Cuban regime to buy foreign currency near market rates
Move cuts peso’s dollar exchange rate by four-fifths after Cubans protest over shortages
Taiwan governor says ‘no need to worry’ about capital outflows
Yang Chin-Long says Taiwan has sufficient foreign reserves to handle potential FX volatility
Banknotes round-up: Egypt debuts polymer note
Peru continues rollout of new series; Mexico to withdraw 20 peso note; and more
Kenyan governor denies shortage of small-denomination notes
Interior minister had claimed that politicians were draining supply to pay election bribes
Chinese CBDC should not be as anonymous as cash, says PBoC official
Mu Changchun says small digital wallets will allow anonymity, but says freedom needs constraints
CBDCs could limit bank runs, US paper argues
Digital currency could make policy-makers better able to handle banking panics, say researchers
Uzbekistan introduces new 200,000 som note
Highest denomination banknote designed to ease cash payments
Central African Republic launches crypto asset
Regional central bank reaffirmed ban on cryptocurrency after CAR made bitcoin legal tender
Croatia gets green light to become 20th eurozone member
Eurozone expands for first time since 2015
US regulators gear up for CBDC work
US Treasury and Fed governor hint at the next steps in CBDC development
Cash, not trash: the second lives of substrate
Central banks and their banknote providers are taking a range of approaches to recycling cash
Zimbabwe fights inflation with gold coins
Announcement comes after currency devaluation
Chile central bank opens CBDC survey
Poll is part of gradually unfolding evaluation of potential digital currency
Japan and Soramitsu to conduct Asia-Pacific CBDC studies
Observers note de-dollarisation and spread of e-yuan as potential motivations
Legal certainty: the Achilles’ heel for CBDCs?
Many central banks lack legal certainty when it comes to issuing digital currencies. Isn’t it time to get the lawyers involved?
Panama’s president vetoes parts of crypto law
Bankers’ association also opposes law, which president says lacks AML protections
The signal and the noise: cash forecasting in uncertain times
From big data tools to Arima models and structural time series, cash forecasting methods are evolving
CBDC and bank intermediation in the eurozone
An assessment of the impact different ‘digital euro’ designs could have on the banking system
Book notes: A full-value ruble, by Kristy Ironside
Soviet experience shows MMT worked, only with far more challenges and downsides than promoters envisioned
Honduran banknote to honour murdered activist
Berta Cáceres, who was killed in 2016, has been declared a “national hero”
Book notes: The future of money, by Eswar S Prasad
Prasad’s book is the best on the topic so far