Payments
Fijian central bank upgrades RTGS
New system will handle $81.6 billion of transactions annually, Reserve Bank of Fiji says
RBI set to launch retail CBDC pilot
Retail version of the e-rupee will be issued as tokens in same denominations as cash
RBA to review payment system after outage
Central bank apologises for October incident that saw 500,000 payments delayed
Central Bank of Azerbaijan ramps up cyber security
Division head points to AI’s potential as additional safeguard
Chile’s Costa on tackling inflation, forex interventions and nowcasting
Chilean governor discusses stubbornly high prices, Fed spillovers, reserve buffers, retail CBDC and unconscious bias
African central banks expect CBDC to boost policy transmission
BIS survey finds greater focus on transmission and financial inclusion among African institutions
The long road to 24-hour RTGSs
Extended hours would help international payments but some central banks challenge the business case
Brazilian central bank will make Pix open source
Communications protocols will be open to all “for free”
Book notes: Yellen, by Jon Hilsenrath
Offers new insights into the tough decisions Yellen has made as a pre-eminent economic policy-maker
‘Any use case’ helped Pix succeed, Brazilian official says
Focus on user experience, low fees and firms’ support brought success, head of Pix team says
BIS and central banks say multi-CBDC platform trial was a success
Central banks of China, Hong Kong, Thailand and UAE took part in US$22 million cross-border trial
FATF puts Myanmar on money-laundering blacklist
Move may increase economic pressure on military junta as currency crisis grows
Eswatini central bank signs contract for CBDC research
Giesecke + Devrient hired as “technical consultant”
ECB delays launch of new RTGS system and T2 consolidation
Launch had been scheduled for November but is now expected in March 2023
Banks in Kyrgyzstan suspend Mir
Operations limited in Kazakhstan, Uzbekistan, Turkey and Vietnam on threat of US sanctions
CBDC, cash and fast payments: the view from the IMF meetings
Digital currency and fast payments present ample opportunity for improvements, say policy-makers
Independence white paper outlines possible Scottish central bank
Proposals map out “the process of establishing a Scottish pound”
RBA payments systems suffer outage
Problem took too long to resolve, and platform is too fragile, payments executive claims
Burundi lifts capital controls
Central bank permits bureaux de change to reopen and allows receipt and transfer of FX
Payments Benchmarks 2022 – presentation
Payments specialist Riley Steward speaks about CBDCs, payments oversight, staffing and more
RBI working towards phased CBDC launch
Central bank preparing for pilots in both retail and wholesale digital currency
The race to adopt ISO 20022 payments messaging
Some do not plan to adopt the protocol, while others are preparing for a disjointed implementation
Ukraine: the challenges for central banks
Rules on the weaponisation of money would help to protect a ‘public good’ amid geopolitical splits in a testing environment for central banks, write Gavin Bingham, Paul Fisher and Andrew Large
Russia’s Mir forced into retreat
Banks and payment systems across Asia banish Russian cards after US warnings