IF Insights: CBDCs are the new craze in the world of digital currencies
CBDCs are envisioned to provide households, consumers, and businesses with secure means of exchanging digital currency...
Tag : central bank
Cardless cash withdrawal from ATMs soon
Cashless withdrawal will curb frauds, cloning, card tampering etc...
Bahrain Centra Bank debuts JPM Coin remittance trial
The Central Bank of Bahrain teamed up with Onyx to test the Wall Street giant’s JPM coin...
Bank Indonesia to reduce liquidity in 2022 and keep rates low until inflation rises
The bank forecast the economy to expand between 3.2% and 4%...
UAE Islamic banks record 5% increase in assets in 2020: Central Bank
by WebAdmin
The investment represents around 19% of the total banking assets...
Amidst currency crisis Turkey sells gold
The World Gold Council stated that the central banks were the net buyers of the precious metal...
Kenya seeks to tighten regulatory reign over digital payments
t Safaricom controls 98% of the country’s mobile money market, while Airtel Money and other money providers account for just 1.2%...
British banks prepare for negative interest rates
For now, the the central bank has avoided falling into negative interest rates; former governor urges people to stash money at home...
CIB slumps as chairman steps down under central bank orders
Former chairman Hisham Ezz al-Arab was urged to step down from his position over governance concerns...
Bank of Japan urges central banks to understand the nuances of digital currency first
The bank emphasises the importance of understanding digital currencies and the consequences of issuing them...