Payments
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
Swift aims to cut cross-border frictions with predictive tool
Use of anonymised data can help spot errors in cross-border payments, Swift says
FedNow scheduled for mid-2023 launch
Bowman and Brainard see CBDC substitution and cloud technology advantages
How to run a world-class economics department
Benchmarking data shows central banks have myriad ways of organising their economists. So how do some of the world’s top research organisations do it?
PBoC launches new phase of e-yuan pilot
Consumers in some cities can use prototype CBDC for public transport and housing
Gontareva on Ukraine’s funding, NBU policy and reconstruction
Former NBU governor Valeria Gontareva speaks about donor funding shortfalls, NBU policy and financial stability challenges, Nabuillina and the seizing of Russian assets, and post-conflict rebuilding and modernisation
Russian banks set to use digital ruble in 2024
Cross-border integration with “friendly countries” planned to bypass Swift
Fed announces new guidelines after master account controversy
Rules will impose tight scrutiny on non-conventional applicants
Campos Neto predicts end of credit cards
Brazil governor says Pix will be model for region’s payment systems