Category Archives: Finance

BIS Innovation Hub and Central Banks of Australia, Malaysia, Singapore and South Africa Develop Experimental Multi-CBDC Platform for International Settlements

Source link – Reserve Bank of Australia Project Dunbar developed two prototypes for a shared platform that could enable international settlements using digital currencies issued by multiple central banks. The platform was designed to facilitate direct cross-border transactions between financial institutions in different currencies, with the potential to cut costs and increase speed. …

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Resignation: Deputy Governor

Source link – Reserve Bank of Australia Deputy Governor, Guy Debelle, announced today that he was resigning from the Bank, effective Wednesday, 16 March. Dr Debelle will be taking up the position of Chief Financial Officer of Fortescue Future Industries in June. He said: ‘I am honoured and privileged to have worked at the Bank for…

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Renewal of Bilateral Local Currency Swap Arrangement Between the Reserve Bank of Australia and Bank Indonesia

Source link – Reserve Bank of Australia The Reserve Bank of Australia and Bank Indonesia have renewed the Bilateral Local Currency Swap Arrangement on 18 February 2022. The initial swap agreement between the two central banks was signed in 2015 and has been renewed for three-year periods since that time. As with the previous facility, the…

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