Foreign exchange
Barbados-based firm hopes to become world’s CBDC provider
Bitt founder shares his ambitions to create a global CBDC settlement network
IMF praises Bank of Mexico for not intervening in forex market
Peso strengthens against regional peers following lack of intervention from central bank
Argentine central bank restricts crypto asset purchases
Central bank continues with measures to resist peso’s decline by curbing digital assets
Lebanon central bank chief calls for urgent measures to end crisis
New restrictions on foreign currency announced as prime minister says he will dissolve government
Angola abandons currency trading band
Central bank floats currency in a bid to alleviate foreign exchange shortage, after IMF raises concerns
New IMF data sheds light on interwar instability
Instrument-level data highlights how the network structure of debts contributed to collapse
Argentinian central bank struggles to stabilise peso ahead of elections
International reserves have fallen by 29% since opposition leader defeated president Macri in primary vote on August 11
PBoC says its bills are better tools than bonds for China
Central bank bills will play a bigger role in stabilising yuan exchange rates, suggests PBoC research note
Strong global forces pushing some central banks to buy gold – analysts
Poland’s move and others pushed by negative rates, political uncertainty and changing monetary system, experts say
Large forex dealers are key to asset pricing – Bundesbank paper
Capital ratios of large forex dealers are important in explaining asset price movements, paper says
BSP governor rules out Philippines involvement in Asian currency war
Rate cuts by Central Bank of the Philippines due to ‘domestic factors’
HKMA dismisses cash limit rumours as tensions escalate
Emergency laws will not affect cash withdrawal or capital flows, HKMA says
BSP’s Diokno on forward guidance and cutting reserves
The Central Bank of the Philippines governor speaks to Christopher Jeffery and Alice Shen about fintech, efforts to wean Asia off the US dollar, and why he wants to cut policy and reserve requirement rates
Lebanese central bank tries to stem currency weakness
Governor says central bank will ensure dollars are available for wheat, fuel and medicine
RBI’s Das weighs up external economic threats
India’s external sector is resilient, but capital flows have been volatile and trade weak, governor says
Dominican Republic sells dollars to support peso
Dominican peso has been one of the stronger performers in the region
BIS: forex volumes rise to $6.6 trillion as London trading soars
While the UK capital reinforces its prominence in forex markets, trading in Asian currencies heats up
Overseeing China’s payments revolution
The PBoC has tried to strike a balance between facilitating bigtech innovation and reining in risks, amid an explosive growth in mobile payments
BoE’s Hauser urges firms to adapt to forex market fragmentation
Less sophisticated firms are paying much higher spreads, executive director says
Trade war may delay renminbi as reserve currency, says reserves manager
Central banks are cautious when building renminbi reserves due to legal and liquidity issues
Argentina opens IMF talks as crisis deepens
Government extends debt maturity and pledges reserves will not be used to repay international investors
BIS paper studies spread of global currency trading
Authors examine “patterns of diffusion” to understand rise of the renminbi
No noticeable fund outflows amid protests – HKMA
Exchange Fund sufficient to back currency in case of capital outflows, HKMA says
Central banks face loss of independence – Central Banking survey
A new survey of Central Banking’s Editorial Advisory Board points to central banks facing existential challenges with little change in their frameworks or toolkits