China’s central bank digital currency (CBDC), known as e-CNY, has expanded its pilot to 26 locations, a move that has been under way since 2019. This was revealed during a forum in Beijing, where the former governor of China’s central bank, Zhou Xiaochuan, detailed the evolution and potential future direction of the digital currency. Zhou
© Reuters. The US dollar’s dominance is being threatened by an increasing shift towards yuan-based transactions between Russia and China, as per a recent academic paper co-authored by EBRD’s Chief Economist Javorcik. This development is primarily due to the aftermath of Western sanctions that have driven a commerce surge between the two nations. According to
The Fed is out with a report with some suggestions for banks in raising liquidity. Banks should ensure they are familiar with the pledging process for different collateral types and be aware that pre-pledging collateral can be useful if liquidity needs to arise quickly Banks should consider small value discount window transactions at regular intervals
