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
Get all the essential market news and expert opinions in one place with our daily newsletter. Receive a comprehensive recap of the day’s top stories directly to your inbox. Sign up here! (Kitco News) – The Swiss National Bank (SNB) has announced a new partnership with six commercial banks and the SIX Digital Exchange (SDX) … 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
Get all the essential market news and expert opinions in one place with our daily newsletter. Receive a comprehensive recap of the day’s top stories directly to your inbox. Sign up here! (Kitco News) – U.S. House of Representatives Majority Whip Tom Emmer (R-MN) reintroduced his CBDC Anti-Surveillance State Act on Tuesday, a piece of … Read more
A set of announcements over the past few days have fuelled hopes of some sort of policy convergence in the Indian financial sector. First, finance minister Nirmala Sitharaman announced that the government would soon unveil rules on allowing Indian firms to list directly on overseas exchanges and at the International Gift City exchange in Gujarat. … Read more
J. Christopher Giancarlo, chairman of the Commodity Futures Trading Commission (CFTC), speaks during a Senate Banking, Housing and Urban Development Committee hearing in Washington, D.C., U.S., on Tuesday, Feb. 6, 2018. Cryptocurrency exchanges roiled by the rout in Bitcoin prices may face more turbulence as the two top U.S. market regulators ask Congress to consider … Read more
Next year, visitors and atheletes attending the 2022 Beijing Winter Olympics may pay for goods and services using what is currently the world’s most advanced digital currency: the digital yuan, or e-CNY. Even in a region where governments are rapidly developing digital currencies, the e-CNY stands out. Trials began in four Chinese cities in May … Read more