Currency
HKMA and PBoC explore ‘enhancements’ to swap line
New five-year plan cements city’s lead role in currency’s internationalisation efforts
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
MAS proposes changes to Singapore’s stablecoin regulations
Amendments would see multi-jurisdictional and foreign stablecoins recognised
Merchants in the cash system
As policy-makers seek to protect cash acceptance and increasingly look to retailers to facilitate access to cash, Martina Horakova argues that merchants need adequate cash services themselves – and that providing cash to the public should not come at…
ECB flags risks to cash despite rise in acceptance
Central banks should take active role in preserving cash, spokesperson says
Germany sees surge in €100 fakes amid overall counterfeit decline
Deutsche Bundesbank says overall levels of forged money remain low
Iraq receives $500m from Fed as government faces cash shortage
Oil-exporting country’s income comes under strain as Hormuz uncertainty persists
Argentina renews $19 billion swap line with China
New agreement between BCRA and PBoC extended from three to five years
Bolivia’s central bank to intervene in FX market
Governor says intervention will occur during market overreactions and to accumulate reserves
Southern African countries consider joining SADC-RTGS
Mauritius, Tanzania, Zambia and Zimbabwe could onboard their currencies
ECB unveils shortlist of new euro banknote designs
Bank invites public to share their views, offers vertical designs for first time
One ledger or eight: the design choice that will shape cross-border money
Two rival tokenised settlement networks have both expanded – mBridge into Macau and Mongolia, Agorá to Canada. The contest between them is not primarily about technology, and not yet about currencies. It is about who keeps the ledger, argues Marcello…
FX controls have minimal impact on stablecoin dollarisation – study
BIS working paper argues that growing use of crypto assets presents policy challenges for EDMEs
Nigeria’s president signs order to enhance virtual asset regulation
Central bank to chair ‘virtual assets council’ to help close regulatory gaps