Currency
Eurosystem sees small rise in counterfeiting over 2024
€20 and €50 notes remain the most popular denominations to replicate
Stablecoins can bolster dollar’s international role, says Waller
Fed governor also warns against domestic and international regulatory fragmentation
ECB could do more to internationalise euro – research
Becoming international lender of last resort, issuing safe assets could improve offshore use
Trump orders US Treasury to stop minting pennies
President says coins cost too much but activists blame US Mint’s accounting
Rivers, birds and cultural spaces to feature on new euro notes
Design contest to start in 2025, though introduction “several years” away
Afghanistan to issue jail terms for large dollar transfers
Move to clamp down on illicit inflows comes as central bank struggles to prop up afghani
Trump’s tariff threats fuel corporate FX hedging revamp
Treasurers mull options and longer-dated hedges in face of mixed signals on extent and timing of measures
Libya to issue new banknotes
Central bank announces plan for five, 10 and 20 dinar bills amid continued cash shortage
Conflict casts doubt on viability of Sudan’s new banknotes
Concerns over regime’s stability may undermine its efforts to swap out old currency, says analyst
Vietnam and Laos launch local currency settlement framework
Central banks also set up cross-border QR payments link
Finland’s fintech head on retail CBDCs versus instant payments
Payments unit leader Aleksi Grym discusses overlaps and synergies for retail CBDCs and instant payment systems in Finland and the eurozone
Danish kroner coins to be minted in Spain until 2029
National Bank of Denmark heads south ahead of Finnish mint’s impending closure
PBoC suspends government bond purchases
China's central bank moves after “persistent excess demand” causes yields to hit record lows
Banknote provider De La Rue mulls full takeover offer
Edi Truell-backed companies drop bid for 40% stake and go all-in instead
PBoC to issue record amount of bills in Hong Kong
Central bank to auction 60 billion yuan of bills in territory amid weakening renminbi
Japan and Philippines renew swap agreement
China also renews 15 billion yuan currency swap line with Nigeria
Accounting for banknotes
Three leading experts on central bank finances debate the appropriate treatment of currency
Bank of Portugal warns against fake news of ‘Ronaldo coin’
Central bank denies speculation about commemorative coin featuring famous footballer
Bulgaria ‘ready for euro’ in January – central bank governor
Radev says decision to join currency is now in hands of politicians
Banknotes: October to December 2024
A round-up of news and salient issues that have affected central bankers in the past three months
Currency Benchmarks 2024 – model banks analysis
Data highlights differences in cash management between central banks