Payments
‘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
Central Banking’s payments subject matter specialist Riley Steward speaks with Chris Jeffery about digital currencies, payments oversight 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 jurisdictions 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
China, Hong Kong, Thailand and UAE complete cross-border CBDC test
Bank for International Settlements co-ordinated the trial on its mBridge platform
Israel, Norway and Sweden to link CBDCs in BIS project
Trial will test international retail and remittance payments
Some new monetary frictions
Negative net interest is set to hit Fed earnings with monetary and fiscal policy implications
Is there a case for a retail CBDC in Japan?
A BoJ-managed, account-ledger ‘digital yen’ tied to the new Kotora payments may offer some potential
Hong Kong forges ahead with retail CBDC plans
Three “rails” will guide path to possible central bank digital currency issuance
Morocco’s Jouahri on inflation, forex reform, digitalisation and sustainability
The Central Bank of Morocco governor speaks with Christopher Jeffery about Covid-19 policies, Fed tightening, BIS membership, regional co-operation and financial inclusion
People: July to September 2022
A round-up of central bankers in the news and on the move during the past three months
Fiji will eliminate cheques from 2024
Governor says improved RTGS will replace paper payments
Banknotes: July to September 2022
A round-up of news and salient issues that have affected central bankers in the past three months