Luis Rosa, O Governador, D.Quixote, November 2022, 372 pages After a tumultuous decade, the Portuguese economy finally entered a period of stable and rapid growth in 1985, with accession to the European Communities. As advanced…
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Georgia: The National Bank of Georgia’s (NBG) board has elected Natia Turnava as first vice-governor. The appointment means Turnava takes over as acting governor – the first woman to perform the governor’s duties. “Georgia managed…
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The Federal Reserve Bank of New York has conducted proof-of-concept experiments into the digital dollar for wholesale domestic and cross-border payments, exploring a global, near-real time, 24/7 payment system. Participants in the central bank digital…
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Central banks from emerging market economies (EMEs) tend to favour social media for disseminating information to the public, while advanced economy institutions still prefer traditional channels, data from the Communications Benchmarks 2023 suggests. On average,…
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Singapore’s central bank posted a record annual loss in the 2022–23 financial year, mainly due to a stronger Singapore dollar and increased interest expenses. The Monetary Authority of Singapore recorded a net loss of S$30.8…
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The World Economic Forum (WEF) published principles for central bank digital currency (CBD) interoperability on June 29, warning of a possible split along geopolitical lines. Drawing on the WEF’s CBDC governance consortium meetings, the report…
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The top priorities of central banks’ communications teams for next year are to boost their social media presence and improving their websites, the Communications Benchmarks 2023 found. Of 39 institutions that responded to the question,…
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Singapore deputy prime minister and finance minister Lawrence Wong will become the chairman of the Monetary Authority of Singapore from July 8. Wong will replace Tharman Shanmugaratnam as chairman of the MAS’s board of directors,…
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The Communication Benchmarks 2023 reveal evolving trends in central banks’ efforts to inform and interact with the public. As was the case last year, media relations continued to be the top task for central bank’s…
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Zambia’s government has reached agreement with its official creditors to restructure its foreign debt, it announced on June 22. The deal paves the way for Zambia to unlock a new tranche of funding from the…
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