Brics
More independent central banks hold fewer dollars – research
De-dollarisation benefits Singaporean and Korean currencies, while Australia’s and China’s lose out
Brics leaders push for multilateral payments solutions
Central bank governors and finance ministers also call for reform of Bretton Woods institutions
Book notes: Smart money: how digital currencies will win the new Cold War, by Brunello Rosa with Casey Larsen
This alarmist book, although lacking nuance, provides a lucid account of how CBDCs could play a decisive role in geopolitical dominance
Brazil and China agree currency swap line
BCB says it is in talks to establish similar arrangements with other central banks
Banknotes: October to December 2024
A round-up of news and salient issues that have affected central bankers in the past three months
Central banks to maintain independence despite threats – panel
Top central bankers discuss Trump, AI and why they plan to ignore IMF on rate cuts
BIS to hand over Project mBridge to central banks
CBDC platform does not help Brics countries evade sanctions, says Agustín Carstens
Campos Neto on inflation targeting, independence and the future of financial intermediation
The Brazilian governor speaks with Christopher Jeffery about tackling inflation, the need for financial autonomy, and redefining the financial landscape with open finance, programmable Pix, deposit tokenisation and sound cross-border payments governance
Turkey’s economic odyssey: inflation, lira decline and strategic shifts
Marcello Minenna delves into the damage of 20 years of ‘Erdoganomics’
Russia hosts Brics talks over cross-border use of CBDCs
Summit takes place in Moscow with bloc’s new Middle Eastern and African members
Public trust: the role of the private sector in exploring digital currency
Digital currencies that effectively protect financial privacy in lawful transactions will garner enduring confidence in the highly integrated networks of the future, argue J Christopher Giancarlo and Daniel Gorfine
Will the use of CBDCs improve cross-border payments?
International trials using CBDCs highlight significant architectural and practical challenges, writes Warren Coats
US official outlines expanded role for poorer nations at IMF
Shambaugh discusses quota reform and new officials for developing countries
Banknotes: July to September 2023
A round-up of news and salient issues that have affected central bankers in the past three months
Brics’ bank launches rand bond
New Development Bank offers $130.6 million debt issue ahead of Johannesburg summit
People round-up: Breeden promoted to BoE deputy governor
Former Moroccan governor dies; Tonga appoints deputies; and more
Algeria is applying to join Brics bank, says president
Country joins Argentina and Honduras on list of applicants
Argentina applying to join New Development Bank
China renews 130 billion yuan swap line with Latin American country
Saudi Arabia in talks to join Brics bank
Gulf state would join as Shanghai-based lender increases non-dollar operations
People: France appoints deputy governor
New deputy governors in Indonesia and Kenya; Dilma Rousseff to lead Brics bank
The always imminent demise of the global dollar
Creating effective alternatives will remain long and arduous despite China’s development of Cips, the mCBDC bridge and any oil-price redenomination, writes Barry Eichengreen