Former governor Ian Macfarlane has hit out at planned changes to the Reserve Bank of Australia’s (RBA) board structure, saying it would pose “huge risks” to the institution. Australian treasurer Jim Chalmers commissioned an independent…
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The Central Bank of Argentina Argentinian presidential candidate Javier Milei has announced his candidate to take over the central bank — to fulfil his campaign promise of abolishing it. Milei told Radio El Observador he…
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Allowing “outdated legal frameworks” to hamper the development of central bank digital currency is “simply unacceptable”, Agustín Carstens said on September 27. The Bank for International Settlements general manager described the legal framework as a…
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Central Bank of Colombia, Bogota Members of the Colombian central bank’s board have clashed over lowering the policy rate ahead of the September 29 monetary policy meeting. On September 21, the news magazine Semana quoted…
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The Central Bank of Nigeria Nigerian president Bola Tinubu nominated a new central bank governor on September 15, as the previous incumbent apparently resigned while under security service arrest. Tinubu is nominating Olayemi Michael Cardoso,…
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The Central Bank of Hungary (MNB) launched the second version of its central bank digital currency (CBDC) app in May. But in contrast to most such pilots, the gamified interface is aimed at children. “This…
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An International Monetary Fund paper concludes member states will generally be able to pay interest on special drawing rights, despite higher rates. The paper – The Financial Cost of Using Special Drawing Rights: Implications of…
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Singapore: Richard Hu, a former managing director of the Monetary Authority of Singapore (MAS) and finance minister, died on September 8, aged 96. Hu served as the MAS’s managing director between July 1983 and December…
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A new law regulating Macau’s currency issuance has come into effect, giving digital currency the same legal status as traditional money in the Chinese special administrative region. The new legal framework, proposed by the Macau…
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The European Central Bank’s governing council today (September 13) nominated Deutsche Bundesbank vice-president Claudia Buch as the new head of the central bank’s supervisory board. Buch is set to replace Andrea Enria, whose non-renewable five-year…
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