Financial Stability
CBN issues new settlement system guidelines
The Central Bank of Nigeria (CBN) has released guidelines on the new settlement system for the banking industry, scheduled to commence on the 1st of April.
Combined ATM system starts in Pakistan
Dr Ishrat Husain, the governor of the fState Bank of Pakistan (SBP), has inaugurated the two ATM switches, Mnet and 1-Link, at a ceremony held at the SBP building.
Namibian Bill could remove SA money
A Parliamentary Bill in Namibia which will give the Finance Minister the option of deciding when Namibia will stop using South African notes and coins was the first legislation to be passed in the National Assembly this year.
Bank of Canada issues new $100 bank notes
The Bank of Canada officially put into circulation Canada's new $100 bank notes on Wednesday 17 March. The new notes contain various state-of-the-art security features and will be distributed and become available across the country over the next two…
Chicago Fed's 2004 Payments Conference
The Federal Reserve Bank of Chicago's fourth Payments Conference entitled, "An Electronic Supply Chain: Will Payments Follow?" will begin at noon on May 26 and conclude mid-day on May 27 at the Chicago Fed's conference center.
Bank of Canada announces anti-counterfeiting award
The Bank of Canada announced on Wednesday 3 March the creation of a Law Enforcement Award of Excellence that will be presented annually to an official who demonstrates outstanding commitment and initiative in the fight against banknote counterfeiting.
Sri Lanka cb implements RTGS and SSS system
With the implementation of the integrated RTGS/SSS system, the Central Bank of Sri Lanka (CBSL) has marked another milestone in the country's payment reforms.
India's RTGS launch likely by end of March
The Reserve Bank of India has now proposed "hopefully" to launch its Real Time Gross Settlement System before the end of March.
RBA tackles hidden fees in credit cards
The Reserve Bank of Australia ruled on Monday 23 February that Visa's debit card was a payments system and covered by the Payment Systems Act, allowing the bank to set standards for the card.
Oman plans new settlement system
The Central Bank of Oman (CBO) plans to introduce a real time gross settlement (RTGS) system for faster inter-bank transactions, a report said.
Bhutan to launch automated teller machines
The Bhutan National Bank, a commercial bank, will start operating an ATM facility from March this year. Software problems had delayed the introduction of the machines but these have now been solved.
Sri Lanka's settlement systems implemented
LogicaCMG has announced that it has successfully implemented the Real Time Gross Settlement (RTGS) System and the Scripless Securities Settlement (SSS) System for the Central Bank of Sri Lanka (CBSL).
Changes in Swedish banknote and coin series 2005
In order to reduce the risk of counterfeiting and to facilitate the recognition of genuine banknotes, the Sveriges Riksbank has decided to increase the security details in 50-kronor and 1000-kronor banknotes.
Bank of Canada unveils new $100 bank note
The Bank of Canada has unveiled Canada's new $100 bank note, which will go into circulation beginning 17 March. David Dodge said all Canadians can use the new notes "with comfort and with pride".
Pakistan plans to open ATM service in Afghanistan
Afghanistan's banking sector will move over the next few weeks from comprising just six rundown specialist banks to one where several international commercial operations compete for business, according to Afghanistan's central bank chief.
Bank cards get OK for Hong Kong use
Mainland-based banks have got agreement from the People's Bank of China to expand their bank card business in Hong Kong, even though overseas banks are still banned from issuing bank cards on the Chinese mainland.
Canada to unveil its new $100 bank note
Canada will unveil its new $100 bank note on 28 January 2004. The first high denomination note in the Canadian Journey series will be unveiled by the Minister of Natural Resources Canada, and Bank of Canada Governor David Dodge.
PBOC appoints clearing bank for RMB business
The People's Bank of China has appointed Bank of China (Hong Kong) Limited as the Clearing Bank for RMB Business in Hong Kong.
Modified notes agreed by Russian central bank
The Board of Directors of the Russian Central Bank has given the OK to the introduction of modified 10, 50, 100, 500 and 1000 ruble notes.
UAE central bank to upgrade UAESWITCH
The UAE Central Bank has announced the signing of a contract with S2 Systems to upgrade the UAESWITCH system.
Duisenberg at a discount
Despite a splendid send-off in October, including a blizzard of awards from European countries, the image of Wim Duisenberg, the former president of the ECB, is starting to fade, CentralBankNet can exclusively reveal.
2002 statistics for CPSS countries payment systems
This annual BIS publication provides data on payments and payment systems in the CPSS countries: Belgium, Canada, France, Germany, Hong Kong SAR, Italy, Japan, Netherlands, Singapore, Sweden, Switzerland, United Kingdom and the United States.
Trinidad and Tobago select RTGS provider
The Central Bank of Trinidad and Tobago has awarded a contract to LogicaCMG to implement a Real Time Gross Settlement (RTGS) system and Government Securities Settlement system, reports PRNewswire. The governor of the central bank said, "The…
Kenyan inquiry hears of spying claims
The commission inquiring into the Goldenberg affair in Kenya heard testimony from a witness this week that a sophisticated intelligence system was in place at the central bank of Kenya, according to a report by The Daily Nation. The central bank's head…