Iran
Brics leaders push for multilateral payments solutions
Central bank governors and finance ministers also call for reform of Bretton Woods institutions
Iran releases 2 million rial banknotes
New series of high-value notes introduced as value of currency continues to fall
Iran’s central bank increases daily cash withdrawal limits
Move anticipates increased consumer spending over Persian New Year, despite ongoing economic crisis
Iran’s central bank tells lenders to be more transparent
Excessive delays found in responding to enquiries from members of the public
Sovereign debt in default fell by 1% in 2023 – BoC study
Research finds shift in lending away from Paris Club creditors towards China
Book notes: Bucking the buck: US financial sanctions and the international backlash against the dollar, by Daniel McDowell
A timely and well-documented book about the weaponisation of the US dollar
Iran to launch digital rial on Kish Island
Central bank aims to develop digital micropayments domestically
Clash between Yemen’s central banks escalates
Rival central banks issue retaliatory bans on transacting with financial institutions
Iran says it will start trading with Russia in rials soon
Central bank claims channel could support $1.5bn transactions but expert is sceptical
Policy-making amid war in Gaza
Bank of Israel has implemented a textbook crisis response, but uncertainty remains
Iraqi central bank denies it will ban all dollar cash transactions
Official says he was misquoted as dollar shortage worsens amid US-Iraq tensions
Iraqi central bank bans use of dollar for internal transactions
Move comes as tension with US over money laundering and Iran causes growing dollar shortage
Book notes: The crisis of democratic capitalism, by Martin Wolf
A sincere attempt to explain and fix the failing of capitalism in liberal democracies
People: January to March 2023
A round-up of central bankers in the news and on the move during the past three months