Central Bank

BRICS is establishing its own central bank and currency to reduce reliance on the US dollar. Challenges exist but progress may be faster than expected.

Zimbabwe’s Central Bank introduces a new ‘structured currency’ backed by gold and forex reserves, aiming to stabilize the economy and alleviate cash shortage. Learn about its features, purpose, impact, challenges, and public reception. Explore its potential as a secure asset and its advantages over other currencies.

Nigeria’s Central Bank partners with a real-world asset firm to revive struggling CBDC. A strategic alliance to overcome challenges and drive growth.

Nigeria’s Central Bank removes caps on exchange rates for international money transfer operators. Find out the implications and impact on the naira.

The Central Bank of Brazil seeks input on the regulation of virtual asset service providers (VASPs). Participate in the public consultation until January 31, 2024, and contribute to shaping the future of the virtual asset industry.

Discover the successful pilot achievements of Kazakhstan’s digital tenge, including cross-border payments and tokenizing gold. Explore the next steps for enhancing accessibility, decentralized finance, and offline transactions. Learn about regulatory goals and privacy assurances.

Taiwan completes wholesale CBDC technical study, focusing on feedback gathering for platform improvement. Explore the potential of CBDCs for interbank and retail payments. Addressing risks and ensuring regulatory measures for financial stability, consumer protection, anti-money laundering, and market integrity.

Get insights on Singapore’s Central Bank MAS’ plan to start tokenization and conduct ‘live’ trials of wholesale CBDC, as part of their initiative to establish digital money transfers infrastructure. Discover how this move reinforces secure and efficient payments.

Discover the evolution of Central Bank Digital Currencies (CBDCs) and how they are reshaping economic interactions. Explore the factors affecting their adoption, benefits of slow adoption, and the growing global interest in CBDCs.

Australia’s central bank considers a potential rate rise following high Q3 inflation. Governor Bullock analyzes inflation data and its impact on monetary policy decisions. A rate hike in November could take the cash rate to 4.35%. Services inflation is a concern, while goods inflation remains in line with expectations. The central bank’s future monetary policy direction will depend on these considerations.