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Central African ministers intervene in central bank recruitment

Central African ministers intervene in central bank recruitment

Bank of Central African States A ministerial committee of the Central African monetary union froze a controversial recruitment process at the regional central bank on October 6. The decision followed charges of irregularities and nepotism,…

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RBI working towards phased CBDC launch

RBI working towards phased CBDC launch

The Reserve Bank of India revealed its plans for a phased introduction of central bank digital currency (CBDC), in a “concept note” published on October 7. “RBI is currently engaged in working towards a phased…

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Development banks need to change amid global threats – Yellen

Development banks need to change amid global threats – Yellen

Ahead of the World Bank and International Monetary Fund’s annual meeting, US Treasury secretary Janet Yellen called for a retooling of development banks. “We must start now” on reforming development banks to deal with cross-border…

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Wide variation in comms staff numbers

Wide variation in comms staff numbers

Smallest communications team has just two members, and the largest over 100 by : Source link

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Colombian president criticises central bank’s rate increases

Colombian president criticises central bank’s rate increases

Central Bank of Colombia, Bogota Colombian president Gustavo Petro has criticised the central bank’s monetary policy, warning its recent rate hikes could trigger a recession. Petro’s comments on a Twitter thread on October 5 followed…

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Controversial nominee joins Paraguayan board

Controversial nominee joins Paraguayan board

The Paraguayan senate approved the appointment of Carmen Marín, an administration official and former vice-minister of finance, to the central bank’s board. A former central bank governor, Carlos Fernández Valdovinos, and the head of the…

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Israel, Norway and Sweden to link CBDCs in BIS project

Israel, Norway and Sweden to link CBDCs in BIS project

Israel, Norway and Sweden will test linking their domestic central bank digital currencies (CBDCs) in a project co-ordinated with the Bank for International Settlements. The Bank of Israel, Central Bank of Norway and Sveriges Riksbank…

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US and Korea agree to set up liquidity facilities if necessary

US and Korea agree to set up liquidity facilities if necessary

The US and South Korea agreed on October 1 to implement liquidity facilities to quell financial instability if needed, South Korea’s finance ministry said after a teleconference between the finance chiefs of the two countries.…

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Many central banks ‘layer’ news for different audiences

Many central banks ‘layer’ news for different audiences

Most central banks participating in the Communications Benchmarks 2022 use ‘layering’ in an effort to make their key announcements as widely understood as possible. One example of this is using different language for various audiences,…

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Finance minister becomes new Guatemala governor

Finance minister becomes new Guatemala governor

The president of Guatemala, Alejandro Gianmattei, appointed finance minister Álvaro Gónzalez Ricci as the new governor of the Bank of Guatemala on October 1. Gónzalez succeeds Sergio Recinos, who has led the central bank since…

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