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
Co-founder Sinclair Skinner with Dr. Tonya Evans at Howard University’s Armour J. Blackburn University Center. Dr. Tonya Evans, Advantage Evans Academy “It is the longest-running event of its kind in the United States,” boasts Sinclair Skinner, Co-founder of Black Blockchain Summit. The sixth edition held at the iconic Howard University drew hundreds of attendees and … Read more
New Delhi: India is ready to share technical capabilities and knowledge related to its Digital Public Infrastructure (DPI) ecosystem for financial inclusion efforts of the Global South, Ajay Seth, secretary, Department of Economic Affairs (DEA) said on Friday. Speaking at the International Conference on Digital Public Infrastructure, Seth said that India has used ecosystems around … Read more
Almost nobody talks about digital dollars anymore. Just a couple of years ago, as cryptocurrency was peaking and China was experimenting with a virtual version of the yuan, Washington was abuzz with the idea that the Federal Reserve could create America’s own digital currency. Enthusiasm faded as people began to hash out the details. Although … Read more