US dollar
Cash, not trash: the second lives of substrate
Central banks and their banknote providers are taking a range of approaches to recycling cash
Asian central banks deploy FX reserves to prop up currencies
Analysts remain confident in Asia’s financial stability, but recession risks are building
IMF approves $4 billion payment for Argentina
Country passes first IMF review, but reserves have declined in recent weeks
(Un)stablecoins and central banks
Time to tackle stablecoin structures and support mechanisms
IMF chief economist says geopolitics is undermining dollar dominance
Sanctions may have triggered a reassessment of dollar assets, says Pierre-Olivier Gourinchas
Argentina increases reference rate 300bp
Central bank says it anticipates inflation will fall despite continuing rise
Average RTGS system processes millions of payments yearly
Benchmarking data shows wide range of transaction volumes
Argentine central bank struggles to meet reserves targets
IMF signs preliminary agreement for loan payment but reports say BCRA cannot meet reserve target
IMF blog highlights rise of ‘non-traditional’ reserve currencies
Renminbi only accounts for a quarter of the shift away from dollars
Sovereign green bonds: the reserve portfolio’s panacea?
German, Swedish, Danish and UK debt managers speak to Victor Mendez-Barreira about ‘twin bonds’ and other efforts to solve green bond liquidity concerns
Fed and foreign investors earn lower returns on Treasuries, paper finds
Foreign investors tend to buy Treasuries when they are “expensive and offer low future returns”
Zimbabwe lifts lending freeze
President had announced total halt to lending in bid to defend local currency
IMF boosts dollar and renminbi weights in new SDR valuation
Euro records largest drop, while yen and sterling decline slightly
HKMA defends currency on foreign exchange markets
First interventions since 2019 come as Hong Kong central bank props up dollar peg
Fed warns on crypto risks as major stablecoin breaks peg
CBDC could help protect against risks from crypto assets including stablecoins, Fed says
Chilean central bank surprises markets with a larger rate hike
Board unanimously decided to increase the policy rate by 125 basis points to 8.25%
How high can the ECB take interest rates?
Despite rising inflation, eurozone central bank is seen as unlikely to take rates over 1.5% in coming years
Mexico’s García: war implies tough trade-offs for reserve managers
Banxico reserves director says acting tactically has become more difficult, and central banks may need to rethink their strategic asset allocations
HKMA advances e-HKD exploration
Authority notes risks around cyber security and removing intermediary banks
FSB-IMF report calls for action on external debt
Study finds authorities were able to manage the Covid crisis but have not fixed underlying problems
NBU restricts crypto purchases to stem capital outflows
Ukraine continues to accept bitcoin, ethereum and tether for war effort
IMF raises red flags for global growth
Fund warns of global fragmentation as it cuts growth forecast and predicts higher inflation
Presidential ally obtained funds from Zimbabwe central bank
RBZ exchanged Treasury bills at inflated rate as part of giveaway, investigation finds
Fractures in the monetary system
Seizure of Bank of Russia assets likely to have long-term implications for international system