FMI
Libya begins phasing out old banknotes
Banknotes depicting the late colonel Muammar Gaddafi being removed from circulation; new currency series on the way
Euro counterfeit banknote figure creeps up
Number of known fake euro banknotes hit 310,000 during in the second half of 2011, up 5% on the first half of the year
Pakistan forges ahead with mobile banking promotion
State Bank of Pakistan signs agreement with national telecommunication authority to further the development of mobile banking in the country
Gold and currency earnings secure profit for SNB
The Swiss National Bank expects to see annual profit of SFr13 billion ($13.6 billion); able to make the regular distribution to Cantons
Japan nervous of implications of Volcker rule
Bank of Japan releases letter sent to US officials outlining impact of changes to speculative trading controls; fears Japanese government bond market will be hit
RBI’s Padmanabhan flags issues with pricing of payment products
Reserve Bank of India executive director G Padmanabhan says recent intervention in pricing of electronic products in India was warranted
Bank of Lithuania sells majority share in CSD
Finnish company buys 60% share in CSD; central bank hopes new investor will progress the depository’s offerings and promote the Lithuanian capital market
Chinese government and central bank identify targets for progress
People’s Bank of China publishes outcome of government planning meeting; document reveals aims for variety of areas including monetary policy and systemic risk management
Malaysia announces new coins’ circulation date
Bank Negara Malaysia announces new coins to enter circulation this month; new banknotes will not be released until the end of 2012
Belgium’s Coene believes in commitment of eurozone countries
Governor of National Bank of Belgium says even if Greece were to leave single currency, other member states would draw together to "protect the system"
Commemorative euro coin launched
Eurozone countries issue new €2 coin to commemorate 10 years of the currency; few central banks announce the move
Hildebrand defiant over currency trade row
Swiss governor will not resign, expresses regret at political attack on the Swiss National Bank and reveals details of how information was leaked
RBI abolishes limit on mobile banking transactions
Reserve Bank of India allows unlimited mobile banking transactions; move follows large increase in use of mobile technology
Swiss governor faces questions over wife’s currency trades
Kashya Hildebrand bought US dollars shortly before Switzerland imposed limit on franc to euro value; Swiss National Bank denies dodgy dealing by governor
Netherlands Bank warns of Sepa information gap
Dutch central bank to launch communication campaign to aid consumers with limited knowledge about the European payments project
Netherlands Bank paper discusses pricing policies in payments markets
Netherlands Bank study says policy on payments systems should be orientated towards improving competition rather than influencing price dynamics
Nigeria rolls out ‘cash-less’ Lagos project
Central Bank of Nigeria issues clarifications as cash-less society is introduced in Lagos; reassures public that cash transactions have not been eliminated altogether
RBNZ vows to aid transition to new retail payments system
Reserve Bank of New Zealand to reduce cost of overnight borrowing for three months as banks shift to new settlement before interchange system
Malaysia launches new banknote series
Bank Negara Malaysia reveals designs and security features of five denominations in new currency series
Sepa migration deadline pencilled in for 2014
European Union says migration end-dates for credit transfers and direct debit to Single Euro Payments Area will be February 2014
Interview: Harry Newman
Swift’s head of market initiatives for Europe, Middle East and Africa explains how its new RTGS back-up, the new Market Infrastructure Resiliency Service, will work
Anwar stresses rising importance of Islamic finance
Governor of the State Bank of Pakistan discusses developments in Islamic finance and calls for innovation to continue
National Bank of Hungary paper explains strong demand for cash in Eastern Europe
National Bank of Hungary study shows transactional cash demand is influenced by the level of improvement in payment systems
Boston Fed analyses US developments in mobile payments
Federal Reserve Bank of Boston paper charts rise of use of electronic banking for individuals in the US