Payments
PayPal launches US dollar stablecoin
Company will publish reserves report in September
When £1 is not £1
Gabriel Stein examines the risks from introducing a CBDC should its value diverge from that of physical currency and bank deposits
Nicaragua considers joining Mir network
Finance minister says Russian cards will overcome “aggression” of sanctions
Cambodian governor’s daughter succeeds him
Chea Serey is the first woman to lead the National Bank of Cambodia
MAS to replace corporate cheques with deferred payment system
Singapore will move to new system by 2025 amid falling usage and rising processing costs
Myanmar to release new top-denomination banknote
Note will commemorate white elephant, as opposition accuses government of monetary financing
The financial sanctions maze
Anyone affected by Russia-related sanctions knows patience and caution are strongly advised, writes Richard Heckinger
Banque de France says printworks are going ahead
Staff end strike as central bank agrees to appoint ergonomist to help in design of new plant
Eastern Caribbean will drop UK monarch from notes
Heads of government decide to place ECCU’s symbol on new series of notes
Digital yuan transactions growing rapidly, PBoC says
But Yi Gang notes prototype CBDC currently takes up a very small share of cash in circulation
Russia’s Mir cards now working in Venezuela
Russian payment cards advance in Latin America, but get sanctioned by Canada
Climate change: a new financial risk for central banks
Overcoming ‘analysis paralysis’ and the lessons in capturing climate-related financial risks on the Deutsche Bundesbank’s balance sheet
Cash for a very rainy, tremorous or lava-filled day
Are central banks well-positioned to keep cash flowing during natural disasters?
Book notes: Forks in the road, by C Rangarajan
A memoir by one of India’s most distinguished governors, who presided over critical policy issues such as the 1990s’ balance-of-payments crisis
Guillermo Avellán on BCE independence, capacity-building and dollarisation
Central Bank of Ecuador general manager speaks about the need to bolster the central bank’s legal autonomy, dollarisation challenges, payments developments and monetising local gold production
Banknote round-up: Belize may replace UK monarch’s image
Argentina releases new 1000 peso note while Chile reports shortage of smallest denomination
UAE and India to create bilateral settlement system
Messaging link would remove need for Swift, RBI governor says
New York Fed completes global digital dollar proof of concept
Wholesale CBDC project tested 24/7 payment and settlement
ECB opens public consultation on new banknote design
Shortlisted themes include birds, rivers, European culture and values
Chinese regulators impose fines on Ant Group and Tenpay
Regulators’ priorities have now shifted to “normalised supervision” of platform companies
Ukraine’s governor on central banking in wartime
Andriy Pyshnyy talks about macroeconomic stability, running banks under missile attack, winning IMF aid and post-war reconstruction plans
People: Natia Turnava becomes first woman to lead NBG
National Bank of Georgia names Turnava acting governor; RBI appoints deputy; and more
Nigerian central bank caps contactless payments
Move limits consumers’ daily contactless payments to $66
EC proposes legal tender status for digital euro
Legislation envisages digital wallet available on- and offline, while safeguarding cash