Most jurisdictions that responded to a Bank for International Settlements (BIS) survey are developing cryptocurrency regulation, though central bank uncertainty around its use remains. Some 86 central banks responded to the BIS 2023 survey on…
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Sri Lanka has signed two separate deals to restructure much of its debt. The deals are with Japan, France and India, the countries that lead the 17-strong official creditor committee (OCC), and with the Export…
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Communications employees of central banks are less likely to have a doctorate (PhD), the Communications Benchmarks 2024 shows. Only a slim proportion (1.8%) of employees hold a PhD degree on average. The figure is lower…
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Gaston Reinesch, governor of the Central Bank of Luxembourg, has been targeted by a deepfake video that advertises a get-rich-quick scheme, the central bank said on June 26. The video shows journalist Mariette Zenners from…
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Ethiopia’s cabinet has approved a legal framework for central bank digital currency (CBDC), at the same time as the government is pursuing policies to make the country a global bitcoin mining destination. The draft law…
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Central banks adopt a variety of approaches to layering their communications, a practice that is in use at around two-thirds of respondents to the Communications Benchmarks 2024. Layering provides different levels of detail and technicality…
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The Central Bank of Hungary (MNB) incurred a loss of 1,763 trillion forints ($4.74 billion) in 2023, the largest loss since its foundation, it said on May 21. Some 93.2% of the losses, or 1,643…
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The Swiss National Bank (SNB) has become “the world’s first central bank” to carry out a monetary policy operation using distributed ledger technology, it announced today (June 20). Token-based SNB bills worth Sfr64 million ($72…
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Eleven central bank communications teams have become less involved in key policy-making over the past four years, data from Central Banking Communications Benchmarks spanning from 2021 to 2024 suggests. In this year’s benchmark, 33 communications…
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The Bank of Japan published on April 22 an interim report on its central bank digital currency (CBDC), which raises the possibility of allowing external parties to tap into CBDC payment data. Drawing on the…
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