Financial Stability

Issues paper for ECB conference on 10 Nov

In preparation for an internal conference on e-payments, the ECB has produced an issues paper entitled "E-payments without frontiers". The paper covers observations on innovation in retail payments, challenges to be faced before a mature and integrated…

Malaysia issues new polymer notes

Bank Negara Malaysia has issued 80 million pieces of the more durable RM5 polymer banknotes for circulation nationwide, Bank Negara assistant governor Datuk Mohamad Daud Dol Moin said.

Malaysia set to launch plastic money soon

Malaysia's central bank said on Thursday 21 October that it will launch plastic banknotes next week, joining a growing trend for the more durable 'paper' money.

Fed's Santomero on changes in US payments

In a speech on 'The Changing Pattern of Payments in the United States' given on 16 October, Anthony Santomero of the Federal Reserve Bank of Philadelphia discusses the current status of the U.S. payments infrastructure, how the roots and evolution of the…

Fed's Geithner on global payments challenges

In a speech on 'Challenges facing the global payments system' given on 14 October, Timothy Geithner of the Federal Reserve Bank of New York told the SIBOS 2004 Atlanta Conference more needs to be done by financial institutions to reduce the threat of…

Bank of Canada unveils new $50 banknote

The Bank of Canada on Wednesday 13 October unveiled Canada's new $50 banknote, the theme of which is Nation Building: shaping the political, legal, and social structures for democracy and equality.

New Hong Kong banknotes

The Hong Kong Monetary Authority (HKMA) announced Sunday 10 October that the remaining three denominations, $20, $50 and $1,000, of the new series of Hong Kong banknotes will be put into circulation from 11 October 2004.

RBI spells out centralised cheque clearing system

The Reserve Bank of India (RBI) has detailed plans to set up a centralised clearing house system to provide an interface for image based inter-bank cheque truncation between presenting and drawee banks.

Safer, smarter, US $50 bill issued

Newly redesigned $50 notes arrive at banks beginning Tuesday 28 September ready to make their way into circulation and consumer wallets. Today marks the day the Federal Reserve System distributes the new note to banks and thus into the public's hands.

3rd SEACEN payment systems meeting ends

The 3rd Meeting of Southeast Asian Central Bank (SEACEN), Directors of Payment and Settlement System and the 3rd SEACEN-CPSS course on `Payment and Settlement for Emerging Economies' ended with a dinner at The Empire Hotel and Country Club in Brunei last…

Revisions to Fed's policy on payments system risk

The Federal Reserve Board announced on Thursday 23 September that it has revised its Policy Statement on Payments System Risk (PSR policy) concerning interest and redemption payments on securities issued by government-sponsored enterprises (GSEs) and…

ECB's Tumpel-Gugerell on card payments

In a speech on 'Card payments and the European financial integration' given on 21 September, Gertrude Tumpel-Gugerell of the ECB said beyond its role of facilitator, the ECB intends to strengthen its oversight policy in the area of retail payment systems…

Russia cb prepares for world-class infrastructure

At a strategic meeting on June 23, 2004 in St. Petersburg, Russia, Michail Senatorov, Deputy Chairman of the Russian Central Bank, and Lazaro Campos, Member of the SWIFT Executive Committee, signed a Memorandum of Understanding (MoU) in which the bank…

Reform of card payment systems in Australia

Following a decision by the Payments System Board, the Reserve Bank of Australia on Thursday 9 September designated the EFTPOS debit card payment system in Australia as a payment system under the Payment Systems (Regulation) Act 1998.

ECOWAS changes launch date for Eco

The governor of the Central Bank of Nigeria, Professor Charles Soludo, said on Wednesday 8 September that the launch date of ECO, the proposed West African common currency, would be extended beyond 1 July, 2005.

US bank note experts to visit Taiwan

The Central Bank of China (CBC) has invited experts from the United States to help domestic banks dealing in foreign currency exchange to detect forged U.S. bills, CBC officials said on Monday 6 September.

RBI launches new trading system

The Reserve Bank of India (RBI) is set to launch electronic anonymous screen-based trading in government securities on the Negotiated Dealing System (NDS).

HP and CMA to deliver payment system to Montenegro

HP and CMA Small Systems AB announced on Friday 6 August that they will provide the Central Bank of Montenegro with a new automated inter-banking payment system, supporting Montenegro's economic momentum-building efforts.

Sri Lanka's fin min denies signing banknotes

Sri Lanka's central bank has been forced to hold back huge quantities of new banknotes because Finance Minister Sarath Amunugama publicly denied signing them, an official said on Thursday 29 July.

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