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You Searched For "central bank digital currency" and got 20 results


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3 mins read

3 reasons the dollar can't be dethroned as the world's dominant currency, according to Morgan Stanley

The US dollar won't be displaced by any of its rivals anytime soon, Morgan Stanley said.

Jennifer Sor   


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1 min read

China's yuan is tumbling amid US sanctions and as central banks boost dollar holdings

China's yuan fell to its lowest value against the ruble in a year as holders eye the impact of sanc…

Jennifer Sor   


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4 mins read

RBI announces digital payments intelligence platform to check online frauds

In a bid to bolster the safety and security of digital payments and enhance regulatory frameworks, …

ANI   


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2 mins read

G20 to take call on crypto assets, says Nirmala Sitharaman

Amid speculations on regulation or outright banning of crypto assets, Finance Minister Nirmala Sith…

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6 mins read

India could emerge as an economic superpower amid dull global economic landscape

IMF, World Bank and prominent rating agencies have predicted further slow-down in global growth thi…

ANI   


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Some central banks have sold gold at record prices, cashing in on the global boom

Gold prices have hit fresh record highs amid macroeconomic and geopolitical uncertainties.

Huileng Tan   


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1 min read

Pakistan to issue new notes to combat counterfeit currencies

Pakistan's central bank has announced that it will introduce new currency notes with enhanced secur…

PTI   


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5 mins read

Beyond banking: How Slack is reshaping financial services for the digital age

In the ever-evolving landscape of financial services, technology has become the cornerstone of inno…

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2 mins read

About 93% of global central banks are exploring digital currencies - and that could boost de-dollarization, a report by IMF staff says

Central bank digital currencies "could help de-dollarization or counter "cryptoization"," IMF staff…

Joseph Wilkins   


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The US dollar has become so weaponized that central banks are snapping up politically-neutral gold

Gold is seen as a politically neutral, safe asset, insulated from sanctions. China has doubled down…

Huileng Tan   


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The US dollar is so strong that China's central bank, among others, just keeps loading up on gold

Not just China, but other central banks including Turkey and India are loading up on gold, amid a s…

Huileng Tan   


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1 min read

Crypto currencies have no underlying value, says RBI official

Crypto currencies cannot be referred to as "currencies" as they have no underlying value, a central…

PTI   


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Chinese state-owned banks are propping up the yuan while the central bank signals currency weakness

Chinese banks have frequently sold dollars in the currency market this year to stem the yuan's decl…

Aruni Soni   


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India's forex reserves jump USD 5.08 bn to USD 595.40 bn

India's forex reserves increased by USD 5.077 billion to USD 595.397 billion during the week ended …

PTI   


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RBI to allow opening of rupee account outside India

The RBI said it has finalised a strategic action plan for 2024-25 and envisaged liberalisation …

PTI   


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At USD 642.292 bn, India's foreign exchange reserves hit all-time high

India's foreign exchange reserves rose for the fourth straight week to hit an all-time high of USD …

ANI   


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RBI, Bank Indonesia sign pact to promote use of local currencies for bilateral trade

The Reserve Bank of India and Bank Indonesia (BI) on Thursday signed a Memorandum of Understanding …

PTI   


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Gold prices have another 29% upside as China's central bank continues its buying spree, famed economist says

China has purchased about 181 tonnes of gold over the past year, and is now the sixth-largest holde…

Matthew Fox   


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Cryptocurrencies equivalent to gambling: RBI Governor

Reserve Bank of India (RBI) Governor Shaktikanta Das on Friday reiterated that crypto currencies ar…

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Russia is doubling down on its de-dollarization efforts as Putin calls to reduce use of 'toxic' currencies

Russia's use of "toxic" currencies has been slashed in half over the past year, Putin said.

Jennifer Sor