Kazakhstan
Brics in talks to link CBDCs and payments, says RBI governor
Central Bank of Brazil hunkers down on integrating Pix with other fast payment systems
Kazakhstan scraps FX rule for state-affiliated companies
Requirement for proceeds to be sold domestically was implemented when Ukraine war led to depreciation
Kazakh crypto fund to hold assets seized from criminals – report
Central bank to use hedge funds to hold confiscated digital assets on its behalf
Kazakhstan establishes crypto portfolio in reserves
Central bank says it could spend “up to” $300m from gold and FX income
More independent central banks hold fewer dollars – research
De-dollarisation benefits Singaporean and Korean currencies, while Australia’s and China’s lose out
Central banks purchasing less gold, says WGC
July figures show a slowdown in net purchases of the precious metal
Kazakh central bank denies it is adding crypto to reserves
National Bank of Kazakhstan says “no decision has been made” on strategic crypto reserve
Brics leaders push for multilateral payments solutions
Central bank governors and finance ministers also call for reform of Bretton Woods institutions
Malaysia is latest country to seek Brics membership
However, uncertainty remains over whether Saudi Arabia will join emerging economies bloc
China and Kazakhstan to co-operate on CBDC research
The two Asian central banks set to carry out joint research and training
People: October to December 2023
A round-up of central bankers in the news and on the move during the past three months
Kazakhstan central bank governor replaced with presidential staffer
Move comes amid flurry of new appointments made this year
Kazakhstan joins mBridge project
NBK joins cross-border CBDC project as an observer
Policy transmission weak in Caucasus and central Asia – IMF
Recommendations include improved communications, and intraday and overdraft credit facilities
Kazakhstan cuts main rate as outlook improves
Governor says inflation should keep falling but fiscal policy or Russian prices could derail forecast
Kazakhstan raises rate as Kyrgyzstan cuts
IMF criticises Kyrgyz monetary policy and failure to reform central bank law
Bank of Russia says Putin’s mobilisation will hit demand
Kazakhstan rates rocket, while Azerbaijan central bank warns about fiscal policy
Russia’s Mir forced into retreat
Banks and payment systems across Asia banish Russian cards after US warnings
Kazakhstan orders 50bp rate rise
Unlike neighbours, Kazakhstan continues tightening with eight hikes since last July
People: April to June 2022
A round-up of central bankers in the news and on the move during the past three months
Kazakhstan raises policy rate by 50 basis points
Inflation hit 12% in March and expectations are “not anchored”