In the first nine months of 2023, central banks around the world have intensified their interest in acquiring reserves of this coveted metal, with China and Russia leading the bullish trend. According to the World Gold Council, purchases of gold by central banks reached 800 tonnes net, an increase…
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central banks
IMF says CBDCs can promote financial inclusion
The speech by the director of the International Monetary Fund, Kristalina Georgieva, during the inauguration of the FinTech Festival in Singapore, was an exhortation to public institutions to prepare for the implementation of CBDCs as an…
Central banks return to the frequency of dollar injections prior to the Credit Suisse crisis
The Bank of England, the Bank of Japan, the European Central Bank (ECB) and the Swiss National Bank, in consultation with the United States Federal Reserve (Fed), jointly decided to reverse the frequency of their operations to inject dollar…
South Dakota will treat CBDCs as money
The Senate of South Dakota, a state located in the Midwestern United States, recently passed a law that establishes that digital currencies issued by central banks, known as CBDCs, will be considered as legal money in the state. However,…
Visa targets stablecoin liquidations
Visa is investing in the global settlement of digital assets and fiat currencies, with the goal of allowing its clients to convert digital assets into fiat currencies on its platform.
The head of the company's cryptocurrency division, Cuy…
Australia to explore use cases for CBDC
The Reserve Bank of Australia (RBA) announced that it will conduct a pilot program to explore the use cases and potential economic benefits for central bank digital currencies (CBDCs).
This program will be carried out by the Digital…
The US Treasury highlights the importance of CBDC
The US Treasury's Bureau of Financial Research recently indicated that central bank digital currencies (CBDC) can increase the stability of the banking system.
The institution's researchers indicated that in difficult times, clients often…
IMF asks central banks to deal with inflation
The managing director of the International Monetary Fund (IMF) asked the central banks to adopt "decisive actions" for the benefit of the economies of their countries in the current inflationary context, aggravated by the war situation in…
ECB will continue with its economic stimulus policy
ECB President Christine Lagarde recently pointed out that raising interest rates too quickly would stifle the Eurozone's recovery. "Raising the main interest rate of the European Central Bank now would not reduce the historically high…
The European Union estimates to launch its digital currency in 2025
The European Commission continues to work on the development of the digital euro and they estimate to finalize a first prototype of their digital currency by the end of this year. But the commission plans to launch it on the market,…
Banxico will issue its digital currency in 2024
In 2021 the central banks of different countries discussed the possibility of creating digital currencies (CBDs, with its acronym in English) in the coming years. The Bank of Mexico (Banxico) reported that it will issue its digital…
Bitcoin hits new all-time high and reaches $ 63,000
This Tuesday, April 13th, bitcoin surpassed $ 63,000 (equivalent to 52,985 euros) for the first time and set a new record, close to $ 63,200 (53,153 euros), driven by investors' fear of inflation.
According to the Bloomberg news portal,…