An International Monetary Fund paper concludes member states will generally be able to pay interest on special drawing rights, despite higher rates. The paper – The Financial Cost of Using Special Drawing Rights: Implications of…
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Singapore: Richard Hu, a former managing director of the Monetary Authority of Singapore (MAS) and finance minister, died on September 8, aged 96. Hu served as the MAS’s managing director between July 1983 and December…
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A new law regulating Macau’s currency issuance has come into effect, giving digital currency the same legal status as traditional money in the Chinese special administrative region. The new legal framework, proposed by the Macau…
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The European Central Bank’s governing council today (September 13) nominated Deutsche Bundesbank vice-president Claudia Buch as the new head of the central bank’s supervisory board. Buch is set to replace Andrea Enria, whose non-renewable five-year…
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The Reserve Bank of India’s central bank digital currency trial has been rolled out to 1.5 million users, governor Shaktikanta Das said on September 6. Das gave the update on the e-rupee pilot project, which…
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The Central Bank of Tunisia The president of Tunisia has called for the central bank to directly finance the government, as the country faces a growing economic crisis. Kais Saied made the remarks when visiting…
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The Bank for International Settlements said Fabio Panetta will take over as chair of its Committee on Payments and Market Infrastructures (CPMI), as part of a changeover in committee leadership. The incoming Bank of Italy…
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US Federal Reserve vice-chair for supervision Michael Barr affirmed his institution’s cautious policy on central bank digital currency (CBDC), reiterating that it “has made no decision on issuing a CBDC”. Speaking on September 8 at…
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Central Bank of Costa Rica A conflict between Central Bank of Costa Rica (BCCR) and its financial regulatory arm escalated on September 1, when the prosecution service raided the offices of the regulator’s oversight council.…
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The US Senate voted to confirm two people nominated by president Joe Biden for senior posts on the Federal Reserve on September 6. It confirmed Philip Jefferson as vice-chair of the Fed’s board. It also…
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