Official Record
Hong Kong and Ireland to ease cross-border investment
Funds domiciled in one jurisdiction can be marketed to the other after regulators sign MoU
Eurozone monetary policy must remain ‘firmly’ neutral – Schnabel
ECB board member cautions against overreacting to undershooting
Bank of Burundi issues ‘world’s largest banknote’
Commemorative bill measures 400mm by 288mm and is on sale at €2,200 apiece
SNB to hand out cash earmarked for exchange of defunct notes
Up to $1.07bn, previously reserved for bills that were never exchanged, will go to government and aid
NGFS adds near-term climate scenario to analytical toolkit
New framework looks at economic impact of environmental changes in next five years
De La Rue completes sale of authentication division
Banknote maker to focus exclusively on currency business
Nigeria simplifies documentation for pan-African payments system
Revised process will affect PAPPS payments of up to $2,000 for individuals and $5,000 for businesses
UK government ‘must act against decline in cash acceptance’
Parliamentary committee suggests firms could be made to accept cash to protect those who rely on it
BIS, SNB and World Bank advance promissory note tokenisation
Six other central banks tested the blockchain technology
FSB rolls out common incident reporting framework
Standard format designed to improve cyber and operational incident reporting by firms
Namibia holds policy rate at 6.75%
Central bank points to uncertainty caused by disruption to global trade
Market turmoil causes BoE to reschedule long-dated bond sale
Change to QT plan comes after tariff uncertainty triggers surge in UK government bond yields
Arab Monetary Fund provides $306.5m of debt relief to Somalia
Restructuring follows similar package offered by IMF
New Zealand makes rate cut in response to tariffs
RBNZ eases policy by 25bp and points to trade war’s downside risks to growth
Jamaica to phase out cotton banknotes by July
Central bank says denominations between 50 and 5,000 Jamaican dollars will be affected
RBNZ extends acting governor’s term
Christian Hawkesby to remain in place for six months while board looks for permanent governor
Nigeria sells FX to offset tariff-induced volatility
Oil-exporting country also affected by decline in commodity prices
Central bank gold purchases up in February
Emerging markets lead accumulation of precious metal
Brazil to introduce instalment function for Pix
BCB also plans to allow merchants to collateralise loans with future receivables on platform
World Bank says Nepal’s economy will grow, despite shocks
Benign inflation and loose monetary policy to aid growth, says institution
Ethiopia to conduct FX auctions every two weeks
NBE says move will help it achieve policy objectives as it looks to lower inflation to single digits
BoE proposes raising deposit insurance limit
Central bank suggests increasing level of savings protection to account for inflation since 2017
Ghana raises rates to 28% despite fall in inflation
Central bank also points to credit risks in banking sector
BoT says payment systems still in operation following earthquake
Powerful quake hits Myanmar and Thailand as Bangkok’s stock exchange suspends trading