Payments
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
The PBoC, real estate debt and financial stability in China
Central bank policy-makers are restricted in terms of capacity and space by their efforts to manage the nation’s property bubble amid declining growth
Ukraine’s wartime economy faces possible crisis
Foreign donors must increase financing of Ukrainian government, NBU ex-governor and current government adviser argue
Malaysian central bank plays down impact of potential data breach
BNM says Malaysia’s payment system remains “safe and secure”
Philippine central bank to freeze licensing of digital asset firms
Existing financial institutions under the BSP’s supervision can still apply for a licence
HKMA invites CBDC business plans from private sector
Banks and tech companies may be invited to work with the central bank on future CBDC research
Central banks weighing up CBDC offline alternatives
Institutions are testing ways of allowing digital payments without the internet
Australian central bank launches CBDC research project
RBA says it will look into different use cases of digital currency
Bank of Thailand to launch retail CBDC pilot
BoT says it does not have plans to issue a retail CBDC yet