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People: Egyptian president extends acting governor’s term

People: Egyptian president extends acting governor’s term

Egypt: President Abdel Fattah al-Sisi has extended the term of acting central bank governor Hassan Abdalla for another year, according to Egyptian media reports. Sisi also extended the terms of the two deputy governors –…

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ECB invites entrants for wholesale ‘digital euro’ trial

ECB invites entrants for wholesale ‘digital euro’ trial

The European Central Bank The European Central Bank invited expressions of interest from financial market stakeholders in its wholesale central bank digital currency (CBDC) trials, on December 13.   It invited market participants with access to…

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Montenegro appoints Radović as first woman governor

Montenegro appoints Radović as first woman governor

Irena Radović has been appointed governor of the Central Bank of Montenegro in a 58–13 parliamentary vote, making her the first woman to hold the role.  The appointment of Radović, a former central bank official…

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Solomon Islands launches CBDC pilot with Soramitsu

Solomon Islands launches CBDC pilot with Soramitsu

The Central Bank of Solomon Islands (CBSI) has launched a proof-of-concept for a central bank digital currency (CBDC) called Bokolo Cash, with the support of Japanese fintech firm Soramitsu and the Japanese government. The CBSI…

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BCRA requires prior approval for all FX requests

BCRA requires prior approval for all FX requests

The Central Bank of Argentina (BCRA) announced it will require “prior approval” before granting any requests for foreign currency on December 11. The policy – interpreted essentially as a halt to all hard currency sales…

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BoJ’s CBDC designed to hold ‘minimum’ amount of user data

BoJ’s CBDC designed to hold ‘minimum’ amount of user data

Japan’s Ministry of Finance published a report of an expert panel on central bank digital currency (CBDC) on December 13 where members considered how to approach its design. Earlier this year, the Bank of Japan…

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Zimbabwe announces name of next central bank governor

Zimbabwe announces name of next central bank governor

Harare skyline, including the Reserve Bank of Zimbabwe tower in the centre The Zimbabwean government announced on December 8 that John Mushayavanhu will take over as central bank governor next year. He will succeed John…

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Digital yuan pilot announced between China and Singapore

Tourists from China and Singapore will be able to use the e-yuan – China’s central bank digital currency (CBDC) – for their purchases in both countries during a pilot project, the Monetary Authority of Singapore…

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Polish governor appeals to ECB for support against removal

Polish governor appeals to ECB for support against removal

The governor of the Polish central bank, Adam Glapiński, has appealed to the European Central Bank for aid against a potential bid by the new parliamentary majority to impeach him. The National Bank of Poland…

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Milei confirms Santiago Bausili as BCRA pick

Milei confirms Santiago Bausili as BCRA pick

Central Bank of Argentina Argentine president-elect Javier Milei confirmed he would appoint Santiago Bausili as the next governor of the Central Bank of Argentina (BCRA) on December 6. Milei has pledged to abolish the BCRA,…

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