Central banks
Lebanese central bank tries to stem currency weakness
Governor says central bank will ensure dollars are available for wheat, fuel and medicine
Central banks urged to adopt DLT-based CBDC
Industry figures argue central bank money needed for token-based securities settlement, but central bankers sceptical
Swift conducts 13-second cross-border payment
Trials complete payments from origination through to clearing and settlement within seconds
Stablecoins raise ‘sovereignty challenge’, says de Galhau
French governor says rise of the cryptocurrencies highlights need for pan-European action on payments
ECB’s Cœuré weighs stablecoin risks
Executive board member calls for improved global payment systems while preserving global policy priorities
Fed provides update on future RTGS system
FedNow cross-border payments could be considered in future, US central bank says
Regulators meet in Basel to grill stablecoin backers
Conference convened by G7 stablecoin group includes Libra Association, Fnality and JP Morgan
Dutch central bank to start supervising crypto firms
New powers result from implementation of EU directive tackling anti-money laundering
Trade war may delay yuan as reserve currency
Central banks are cautious when building renminbi reserves due to legal and liquidity issues
BIS chief warns of ‘serious consequences’ from retail CBDC
Carstens envisages system with wholesale digital currency alongside private retail payment systems
No noticeable fund outflows amid protests – HKMA
Exchange Fund sufficient to back currency in case of capital outflows, central bank says
Argentine governor rules out holding peso at unsustainable level
Guido Sandleris reaffirms commitment to tight monetary policy to tame inflation
Brazilian central bank to sell dollars outright for first time since 2009
It remains committed to floating currency regime
Argentine central bank tries to halt peso’s slide
Peso falls after primary election results come as blow for President Macri
PBoC says new digital payment system almost ready
New electronic payment system will use double-layer framework for digital currency
Shekel’s strength clouds Bank of Israel’s inflation outlook
Economists ponder whether central bank actions contribute to lower prices and what priorities it should consider in the near future
Central banks need better crypto asset data – ECB research
Links between crypto assets and regulated financial sector may increase and challenge regulatory frameworks
PBoC to issue central bank bills to support yuan
Move could reduce liquidity of offshore yuan and deter “hot money” flows, analysts say
Thai central bank to work with HKMA on cross-border blockchain
Central banks to work on technology to transfer funds across borders
US Treasury designates China a currency manipulator
Renminbi crosses barrier of seven yuan per US dollar amid growing trade tensions on August 5
Turkey increases reserve requirements on FX deposits
Authorities aim to discourage citizens from transferring assets into other currencies, weakening the lira
Powell says Fed will decide on 24/7 RTGS system ‘soon’
Fed under pressure to act amid flurry of legislative activity around payments
Fed cuts rates and halts balance sheet reduction
Decision sees hawkish dissents from Kansas and Boston Fed presidents Esther George and Eric Rosengren
Ripple attempts to pacify US regulators after libra hearings
Payments service provider says crypto assets would be complementary to dollar