Bank for International Settlements

The ECCB’s Timothy Antoine on currency union, cooperation and DCash 2.0

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The ECCB’s Timothy Antoine on currency union, cooperation and DCash 2.0

The Eastern Caribbean Central Bank is celebrating 40 years since its founding. What do you view as the main benefits of the Eastern Caribbean Currency Union? The main benefit, without a doubt, is relatively low inflation over an extended period. Since 1976, we have pegged US$1 to EC$2.7. Our inflation is largely imported and typically … Read more

Public trust: the role of the private sector in exploring digital currency

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Public trust: the role of the private sector in exploring digital currency

“Modern money is backed by a series of institutions, mostly housed in central banks. Its value rests on confidence. The value of money requires not just the belief of the public at a point in time but, critically, the consent of the public at all times … When it comes to money, the consent and … Read more

Will the use of CBDCs improve cross-border payments? – Central Banking

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Will the use of CBDCs improve cross-border payments? – Central Banking

Will the use of CBDCs improve cross-border payments?  Central Banking Source link