Cash
Bank of Korea to start CBDC trial in August
Central bank opts for two-tier model for retail digital currency
Benoît Cœuré on CBDCs, stablecoins and central bank fintech co-operation
BIS Innovation Hub chief voices concerns about the timing of stablecoin and CBDC roll-outs, fintech risks for supervisors and monetary policy, and details development plans for eight innovation locations
Swedish and Norwegian central banks warn of cyber threats
Even small attacks can have major effects on stability, Norges Bank and Sveriges Riksbank say
Cash infrastructure as public good – implications for the cash cycle
Efforts are under way in the Eurosystem to safeguard cash infrastructure as a ‘public good’ even as transaction volumes have fallen significantly. How can policy-makers strike the right balance?
Digitalisation will not render Norwegian banks obsolete – deputy governor
Use of cash falling rapidly, as Norges Bank studies options to issue a CBDC
Bolivia places new restrictions on FX movements
All transactions over $20,000 must go through banking system
DNB survey finds 49% of respondents ready to use digital euro
Over half of sample had not heard of central bank-issued digital currency, survey finds
BoE to close cash distribution centre in 2023
Cash operations will continue at Debden site while BoE reviews geographical footprint
Zhang Tao on the IMF’s fintech agenda, CBDCs and big tech oversight
IMF deputy managing director speaks about the fund’s perspectives on CBDC operating frameworks, regulating big tech and macrofinancial oversight in a digital world
BoE and Treasury launch CBDC task force
Central bank also forms new division to lead “internal exploration” of digital currency
Sweden may have a digital currency in five years, says Riksbank governor
Sveriges Riksbank is testing e-krona pilot as Swedish cash use falls rapidly
Regulating big tech and non-bank financial services in the digital era
Big tech incursions into financial services in China and elsewhere demonstrate the potential benefits of adopting a digital-bank or holding-company approach to financial regulation
Riksbank to open two contingency cash offices
Offices will be opened this year and next to guard against disruptions to cash supply
A bellwether moment for CBDC plans
The launch of the ‘sand dollar’ may herald a new era of CBDCs as the Fed and ECB step up their preparations
Central bank of the year: The Federal Reserve System
Overwhelming Fed interventions in March 2020 forestalled a damaging global financial crisis, as policy overhaul prompts introspection in Europe and Japan
Initiative of the year: Saudi Central Bank’s business continuity programme
Advanced planning has allowed Sama employees and systems to continue operating critical functions despite the Covid-19 lockdowns
Central Banking Awards 2021: third round of winners revealed
Awards go to central banks and market practitioners for payments, market infrastructure and currency
Currency manager: National Bank of Ukraine
Ukraine’s decisive actions to cut currency denominations while upgrading banknotes and coins are starting to pay off
RBA opened banknote contingency site during pandemic
Strength of banknote demand during pandemic was ‘unprecedented’, RBA bulletin says
Future of cash: what we can learn from the history of money
Central banks must take a broad view of efficiency if they are to preserve the benefits of cash, says Antti Heinonen
Innovation in reserve management: World Bank Treasury/ANZ Bank
The pair developed a Swift-based messaging app to manage faster and safer cash operations for central bank members of Ramp at the height of the pandemic
Cash in circulation to remain elevated, Bank of Canada research says
Withdrawal and deposit relationships and high denominations to blame
Bank of Japan to start testing digital yen
BoJ embarks on year-long pilot programme to test functionality
Kenneth Montgomery on the Fed’s progress with instant payments
The FedNow project leader speaks about Covid-19 payment behaviours, a new liquidity management tool and what it will take to achieve ubiquitous instant payments in the US