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RBI to Roll Out eRupee CBDC Widely After Viewing Outcome or Impact: Report
Despite the recent developments in the area, India’s central bank is is no rush to roll out the CBDC to the nationals. The situation was addressed in Philippines by RBI deputy governor T. Rabi Sankar, reportedly during a conference.
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Chinese Firm To Print Nepal Notes With Map Featuring Indian Regions
The Nepal Rastra Bank, the central bank of Nepal, has awarded to a Chinese company the contract to print new 100-rupee notes featuring the revised political map of the country.
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What is the ‘REDI’ Framework for CBDC Adoption Suggested by IMF
The IMF's REDI framework—comprising regulation, education, design and deployment, and incentives—highlights the importance of fostering awareness and understanding of Central Bank Digital Currencies (CBDCs). In alignment with insights from global financial experts, an IMF report emphasizes that enhancing knowledge about CBDCs is essential for p...
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Central Bank Digital Currency Momentum Shows Growth, Study Shows
The research by the US-based Atlantic Council think-tank published on Tuesday showed that all G20 nations are now looking into central bank digital currencies (CBDCs) as they are known and that 44 countries in total are piloting them. That is up from 36 a year ago and is part of a global push by authorities to respond to declining cash usage and th...
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As Maldives Faces Debt Default, China Inks New Finance Pact. Details Here
China and Maldives have signed a new agreement today that allows Beijing to lend more financial support to the already debt-distressed nation. China's central bank has said the pact will also help strengthen trade and investment.
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Chinese Ex-Central Bank Officer Jailed For 16 Years For Corruption: Report
A former senior official at China's central bank has been sentenced to more than 16 years in prison for corruption, Chinese media reported on Thursday.
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Standard Chartered Bank Joins China’s CBDC Pilot Trials : All You Need to Know
Standard Chartered China has become the latest bank that has joined China’s CBDC pilot. This means that Standard Chartered Bank in the Asian nation will now allow its users to access the digital version of the Chinese Yuan.
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Xi Jinping Makes 1st Known Visit To Central Bank After Becoming President: Report
Chinese President Xi Jinping made his first known visit to the nation's central bank since he became president a decade ago, two sources with knowledge of the matter said, as China's economy and financial markets grapple with headwinds.
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China Cuts Key Interest Rate To Counter Post-Covid Slowdown
China's central bank on Monday cut a key interest rate in an attempt to counter the post-Covid growth slowdown in the world's second-largest economy.
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RBI Assigns CBDC Expansion Targets to Banks, Aims for 1 Million Daily Transactions by December: Report
The RBI, in order to accelerate number of CBDC transactions, is reportedly giving targets to banks to facilitate a minimum number of transactions in the form of the eRupee. Under RBI’s directions, Indian banks will now do their bit to ensure that select users get to process eRupee transactions for daily purchases.
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Emerging Markets Record Greater Interest in CBDCs; India, China Lead the Charge: CFA Institute Survey
Receptivity to CBDCs is significantly high among the younger generations of India and China among other regions of the Asia-Pacific region, the latest survey report by the CFA Institute said. The report further noted that 42 percent of its global respondents were in favour of central banks launching CBDCs.
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Finance Minister, Chinese Counterpart Meet, Discuss Global Debt Issues
Finance Minister Nirmala Sitharaman today met her Chinese counterpart Liu Kun and discussed various deliverables under G20 India Presidency, including strengthening Multilateral Development Banks and global debt vulnerabilities.
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Ex-Deputy Governor Of China Central Bank Arrested For Suspected Bribery
Fan, 59, is the highest-ranking official at the People's Bank of China to be arrested under President Xi Jinping's anti-graft drive in the past decade, in a campaign aimed at weeding out corrupt officials in the financial sector.
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Taliban Central Bank Chief Meets Chinese Envoy, Discusses Business
The Taliban's acting governor of the Afghan central bank met China's ambassador this week to discuss banking relations and business, the bank's spokesperson told Reuters on Friday.
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China Retains Central Bank Governor In Unexpected Move
China retained its central bank chief Sunday in a surprise move, as the country focuses on fighting economic headwinds. Yi Gang was confirmed as governor of the People's Bank of China, against expectations that retirement-age Yi would step down.
-
RBI to Roll Out eRupee CBDC Widely After Viewing Outcome or Impact: Report
Despite the recent developments in the area, India’s central bank is is no rush to roll out the CBDC to the nationals. The situation was addressed in Philippines by RBI deputy governor T. Rabi Sankar, reportedly during a conference.
-
Chinese Firm To Print Nepal Notes With Map Featuring Indian Regions
The Nepal Rastra Bank, the central bank of Nepal, has awarded to a Chinese company the contract to print new 100-rupee notes featuring the revised political map of the country.
-
What is the ‘REDI’ Framework for CBDC Adoption Suggested by IMF
The IMF's REDI framework—comprising regulation, education, design and deployment, and incentives—highlights the importance of fostering awareness and understanding of Central Bank Digital Currencies (CBDCs). In alignment with insights from global financial experts, an IMF report emphasizes that enhancing knowledge about CBDCs is essential for p...
-
Central Bank Digital Currency Momentum Shows Growth, Study Shows
The research by the US-based Atlantic Council think-tank published on Tuesday showed that all G20 nations are now looking into central bank digital currencies (CBDCs) as they are known and that 44 countries in total are piloting them. That is up from 36 a year ago and is part of a global push by authorities to respond to declining cash usage and th...
-
As Maldives Faces Debt Default, China Inks New Finance Pact. Details Here
China and Maldives have signed a new agreement today that allows Beijing to lend more financial support to the already debt-distressed nation. China's central bank has said the pact will also help strengthen trade and investment.
-
Chinese Ex-Central Bank Officer Jailed For 16 Years For Corruption: Report
A former senior official at China's central bank has been sentenced to more than 16 years in prison for corruption, Chinese media reported on Thursday.
-
Standard Chartered Bank Joins China’s CBDC Pilot Trials : All You Need to Know
Standard Chartered China has become the latest bank that has joined China’s CBDC pilot. This means that Standard Chartered Bank in the Asian nation will now allow its users to access the digital version of the Chinese Yuan.
-
Xi Jinping Makes 1st Known Visit To Central Bank After Becoming President: Report
Chinese President Xi Jinping made his first known visit to the nation's central bank since he became president a decade ago, two sources with knowledge of the matter said, as China's economy and financial markets grapple with headwinds.
-
China Cuts Key Interest Rate To Counter Post-Covid Slowdown
China's central bank on Monday cut a key interest rate in an attempt to counter the post-Covid growth slowdown in the world's second-largest economy.
-
RBI Assigns CBDC Expansion Targets to Banks, Aims for 1 Million Daily Transactions by December: Report
The RBI, in order to accelerate number of CBDC transactions, is reportedly giving targets to banks to facilitate a minimum number of transactions in the form of the eRupee. Under RBI’s directions, Indian banks will now do their bit to ensure that select users get to process eRupee transactions for daily purchases.
-
Emerging Markets Record Greater Interest in CBDCs; India, China Lead the Charge: CFA Institute Survey
Receptivity to CBDCs is significantly high among the younger generations of India and China among other regions of the Asia-Pacific region, the latest survey report by the CFA Institute said. The report further noted that 42 percent of its global respondents were in favour of central banks launching CBDCs.
-
Finance Minister, Chinese Counterpart Meet, Discuss Global Debt Issues
Finance Minister Nirmala Sitharaman today met her Chinese counterpart Liu Kun and discussed various deliverables under G20 India Presidency, including strengthening Multilateral Development Banks and global debt vulnerabilities.
-
Ex-Deputy Governor Of China Central Bank Arrested For Suspected Bribery
Fan, 59, is the highest-ranking official at the People's Bank of China to be arrested under President Xi Jinping's anti-graft drive in the past decade, in a campaign aimed at weeding out corrupt officials in the financial sector.
-
Taliban Central Bank Chief Meets Chinese Envoy, Discusses Business
The Taliban's acting governor of the Afghan central bank met China's ambassador this week to discuss banking relations and business, the bank's spokesperson told Reuters on Friday.
-
China Retains Central Bank Governor In Unexpected Move
China retained its central bank chief Sunday in a surprise move, as the country focuses on fighting economic headwinds. Yi Gang was confirmed as governor of the People's Bank of China, against expectations that retirement-age Yi would step down.
