MADURAI: Ankit Tiwari, an ED officer arrested Friday in Tamil Nadu’s Dindigul on charges of taking bribes from a government doctor on the pretext of reopening an old assets case, told his target that he’d been “instructed by the PMO” to conduct an inquiry and that the cash was for “his superiors”, the state vigilance’s … Read more
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
“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 Source link