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People: July to September 2024

People: July to September 2024

People: July to September 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 Martin…

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CBDCs could increase financial instability, Fed paper says

CBDCs could increase financial instability, Fed paper says

Central bank digital currencies (CBDCs) could contribute to financial instability, a Federal Reserve working paper finds. Francesca Carapella et al examine several ways CBDCs could create instability, and how central banks could mitigate this, in…

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People: Sri Lanka appoints two new deputy governors

People: Sri Lanka appoints two new deputy governors

People: Sri Lanka appoints two new deputy governors – Central Banking End of drawer navigation content Skip to main content Nithya Navaratnam named deputy head of BIS banking department The Central Bank of Sri Lanka…

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CBDCs amplify contractionary effects of monetary shocks – BoC paper

CBDCs amplify contractionary effects of monetary shocks – BoC paper

Introducing a central bank digital currency (CBDC) would accentuate the contractionary effects of monetary policy shocks, a study by the Bank of Canada has found. The authors – researchers Saroj Bhattarai, Mohammad Davoodalhosseini and Zhenning…

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Laos replaces central bank governor amid economic woes

Laos replaces central bank governor amid economic woes

Laos replaces central bank governor amid economic woes – Central Banking End of drawer navigation content Skip to main content Bounleua Sinxayvoravong steps down after two years at the helm Laos’ parliament removed Bounleua Sinxayvoravong…

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Kyrgyzstan opens public consultation on laws governing CBDC

Kyrgyzstan opens public consultation on laws governing CBDC

Kyrgyzstan opens public consultation on laws governing CBDC – Central Banking End of drawer navigation content Skip to main content Amendments to legislation affecting digital som are due to come into force in 2027 The…

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Brazil’s president may appoint monetary policy head as governor

Brazil’s president may appoint monetary policy head as governor

Gabriel Galípolo, monetary policy director at the Central Bank of Brazil (BCB), is likely to be appointed as governor in August, a Brazilian newspaper has said. Lauro Jardim, columnist for O Globo, wrote on Sunday…

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Australian indigenous nation advances with digital currency

Australian indigenous nation advances with digital currency

Australian indigenous nation advances with digital currency – Central Banking End of drawer navigation content Skip to main content Birri Gubba dollar to be pegged to AUD and backed by assets including carbon credits An…

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Taliban regime appoints new Afghan governor

Taliban regime appoints new Afghan governor

The Taliban regime in Afghanistan has changed its central bank governor, it announced on July 6, promoting a man under international sanctions. Noor Ahmad Agha will now lead Da Afghanistan Bank after being its first…

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CBDC will not reduce seigniorage, panellists say

CBDC will not reduce seigniorage, panellists say

Issuing a central bank digital currency (CBDC) should not decrease seigniorage, panellists at the Central Banking Summer Meetings said on June 13. Seigniorage – the revenue a central bank makes from printing notes, an important source of…

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