Currency
One in five central banks to issue new banknotes next year
Third of respondents have seven denominations of banknotes in circulation
Volume of cash in circulation averages less than 5bn notes
Proportion of payments made using cash averages 40% in past year
FSB warns global stablecoins remain untested in crisis
Complex cross-border regulatory structures have emerged, body says
Printworks owners have seven times more cash staff
Currency departments generally more satisfied with non-staff resources than staffing
BoE unveils animals that will feature on new banknotes
Public’s choice of barn owl, bumblebee and hedgehog to be supplemented by puffin
Paraguay’s central bank unveils new series of banknotes
Designs come with updated security and accessibility features
Hong Kong to explore stablecoin use cases with Malaysia
Monetary authorities also agree to co-operate on tokenisation and local currency use
Bolivia’s central bank moves to sterilise excess liquidity
Around 4.5 billion bolivianos to be sterilised in September and October
US rates surge sparks new wave of FX net investment hedging
Corporates pile into currency hedges to protect value of foreign assets and capture positive carry
HKMA and PBoC explore ‘enhancements’ to swap line
New five-year plan cements city’s lead role in currency’s internationalisation efforts
Japan and Malaysia to promote direct yen-ringgit settlement
BNM and BoJ also double size of swap line to $6bn
Venezuela implements minimum interest rates on bank deposits
Central bank says move will encourage people to hold more money in local currency
Japan’s CBDC pilot far from ready for mass adoption – BoJ
Central bank says building digital currency for public use will be much harder than testing
MNB governor signals cautious optimism over euro adoption
Hungary has to overcome ‘pessimism’ if it wants to join currency union, says Varga
Bolivia sells $35m to stabilise local currency
FX market volatility not in line with ‘economic fundamentals’, central bank says
Zimbabwe tallies progress towards de-dollarisation
Sustained single-digit inflation and greater demand for local currency are still needed, central bank says
Russia’s cashflow problem
Citizens increasingly rely on hard currency as military spending places strain on banking system and economy
Dollar’s decline has been overstated, says NY Fed study
Fall in greenback’s share of FX reserves driven by concentrated drop among small number of states
Banknotes: July to September 2026
A round-up of news and salient issues that have affected central bankers in the past three months
Shoring up the rupee: a sticking-plaster solution?
Trying to fight movement of India’s currency against fundamentals is futile, says former RBI governor
Tokenisation could help integrate eurozone markets, says Schnabel
Central bank money must move ‘on-chain’ to safeguard its role