Central Banking Awards 2022 Payments and market infrastructure development - retail Central Bank of Brazil's Pix Central Banking Awards 2022 Payments and market infrastructure development - wholesale Reserve Bank of India Central Banking Awards 2022 Reserve manager Central Bank of the UAE Central Banking...
The article reports that the Central Bank of the United Arab Emirates (UAE) has no unilateral economic revaluation of the country. There are increasing questions which are being raised over the timetable for a proposed Gulf Cooperation Council (GCC) currency union and the feasibility of current ...
DUBAI - The Central Bank of the United Arab Emirates (CBUAE) said on Wednesday it has completed the world's largest pilot of central bank digital currencies (CBDC) transactions, with other regulators including the People's Bank of China's Digital Currency Institute. "The project mBridge dem...
The Turkish central bank sold a significant amount of gold in 2023 in the midst of an inflationary crisis. This created a surge in domestic demand for gold as Turks rushed to shield themselves from a depreciating lira. To manage gold demand and reduce the strain on its current ...
The Central Bank of the UAE has launched its Central Bank Digital Currency (CBDC) Implementation Strategy in collaboration with R3, G42 Cloud and Clifford Chance.
The new guidance applies to all licensed financial institutions (LFIs), which include banks, exchange houses, finance companies, payment service providers, brokers and insurance companies. According to the UAE Central Bank’s statement, the new guidance will help these firms under...
seamless global secure money transactions will be possible at the touch of a button. For example, China, Hong Kong, Thailand and the UAE are currently working on a joint cross-border CBDC project, formally known as a ‘multiple central bank digital currency bridge’ (m-CBDC). The pla...
According to the central bank announcement, these exchange houses will now be allowed to deal in the sale and purchase of foreign currencies and travellers cheques only. Central Bank downgrades licences of money exchanges The Colombo Fort Magistrate's Court had initially issued an arrest warrant on...
While central bank digital currencies are not widely in use yet, they are one of the most interesting innovations in monetary economics. Even in their infant stages of development, CBDCs have generated a whirlwind of controversy. Are they really that scary, or are they overhyped? We will ...
On August 21, the People’s Bank of China authorized the National Interbank Lending Center to announce the loan prime rate (LPR) on August 21, 2023, as followed. The one-year LPR is 3.45%, the expected 3.40%, and the previous value is 3.55%. And the 5-year LPR is 4.2%, expected ...