The first banknotes in today’s sense were issued in Sweden during the 1660s. Since then, their imitation has been a major concern for issuers. Despite that, wide communications on notes, and particularly their security features,…
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The executive board of the International Monetary Fund (IMF) renewed Kristalina Georgieva’s position as managing director for a second five-year term, it announced on April 12. The decision was unanimously approved by the board. Georgieva…
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The Reserve Bank of Zimbabwe Zimbabwe has introduced a new currency which will be backed by the country’s gold reserves, its newly appointed central bank governor announced on April 5. Reserve Bank of Zimbabwe governor…
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The Swiss National Bank is exploring how wholesale central bank digital currency (wCBDC) can be used in monetary operations, chairman Thomas Jordan said on April 8. The SNB has been trialling wCBDC through Project Helvetia,…
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Senior Federal Reserve officials have said they have time to watch before deciding to change US monetary policy, however Fed chair Jerome Powell nonetheless hinted the Federal Open Market Committee (FOMC) could cut rates if…
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People: January to March 2024 – Central Banking End of drawer navigation content Skip to main content A round-up of central bankers in the news and on the move during the past three months Recep…
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François Villeroy de Galhau The European Central Bank (ECB) should cut rates in the spring to maintain well-being rather than waiting until the summer, the governor of the Banque de France (BdF) said in a…
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The People’s Bank of China The People’s Bank of China (PBoC) has reshuffled its monetary policy committee, making four replacements, it announced on March 19. Wu Qing, who was named the head of the China…
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Sweden: Anna Seim, an economics professor at Stockholm University, has been appointed deputy governor of Sveriges Riksbank by its general council’s unanimous decision. “Seim has a solid academic background and in-depth insight into how central banks…
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Sveriges Riksbank says more work is needed to tackle persistent problems in the design of offline central bank digital currency (CBDC). “A secure and functional offline solution requires a lot of development work on technology,”…
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