China’s digital yuan was used to settle a cross-border crude oil transaction for the first time, according to the Shanghai Petroleum and Natural Gas Exchange (SHPGX). State-owned Petro China International Corporation bought an undisclosed amount…
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Egypt: President Abdel Fattah al-Sisi has extended the term of acting central bank governor Hassan Abdalla for another year, according to Egyptian media reports. Sisi also extended the terms of the two deputy governors –…
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The European Central Bank The European Central Bank invited expressions of interest from financial market stakeholders in its wholesale central bank digital currency (CBDC) trials, on December 13. It invited market participants with access to…
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Irena Radović has been appointed governor of the Central Bank of Montenegro in a 58–13 parliamentary vote, making her the first woman to hold the role. The appointment of Radović, a former central bank official…
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The Central Bank of Solomon Islands (CBSI) has launched a proof-of-concept for a central bank digital currency (CBDC) called Bokolo Cash, with the support of Japanese fintech firm Soramitsu and the Japanese government. The CBSI…
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The Central Bank of Argentina (BCRA) announced it will require “prior approval” before granting any requests for foreign currency on December 11. The policy – interpreted essentially as a halt to all hard currency sales…
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Japan’s Ministry of Finance published a report of an expert panel on central bank digital currency (CBDC) on December 13 where members considered how to approach its design. Earlier this year, the Bank of Japan…
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Harare skyline, including the Reserve Bank of Zimbabwe tower in the centre The Zimbabwean government announced on December 8 that John Mushayavanhu will take over as central bank governor next year. He will succeed John…
Read MoreTourists from China and Singapore will be able to use the e-yuan – China’s central bank digital currency (CBDC) – for their purchases in both countries during a pilot project, the Monetary Authority of Singapore…
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The governor of the Polish central bank, Adam Glapiński, has appealed to the European Central Bank for aid against a potential bid by the new parliamentary majority to impeach him. The National Bank of Poland…
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