The Digital Pound: A Game Changer for the UK’s Commercial Banks and PSPs

On 7 February, the Bank of England and HM Treasury announced the intention to consult on the introduction of a digital pound. My name is Graeme Donald, I'm retired now and spend my time with my family, on the golf course and travelling. Prior to that…

BISIH: Enhancing Payments Through Innovations to Central Banks’ Payment Systems

Technology is revolutionising the provision of financial services. Central banks and other public authorities are identifying the opportunities this opens up, and one response has been to set up innovation functions. The Bank for International Settlements…

To Improve CBDC Technology Research, First Clarify Its Goals

Currently, many CBDC technology projects seem to duplicate past work or conduct work without clear goals, even as key technology questions remain unanswered. How can central banks investigate CBDC and communicate their work more effectively to avoid risks…

ProgressSoft: A Promising Path to Interoperable Cross-Border Payments

By leveraging emerging technologies, and availing infrastructure to seamlessly integrate with those technologies both at a bi-currency level (country-to-country) and at a multi-CBDC level or consortium of multiple countries, a foundation for a truly global…

An Inflection Point for Global Payments: Industry Perspectives in 2023

The global payments ecosystem is at a critical juncture, with interoperability, interlinking, accessibility, and collaboration top of mind for 2023. We’re pleased to present the second annual Central Bank Payments News supplement, a collection of updates…

Reserve Bank of New Zealand – Te Pūtea Matua: In Conversation with Ian Woolford, Director of Money and Cash

The Central Bank Payments News team recently sat down with Ian Woolford, Director of Money and Cash at the Reserve Bank of New Zealand — Te Pūtea Matua, for an in-depth discussion on the reserve bank’s Future of Money work program.

SODA: Offline Digital Currency Technical Considerations

In this article, John Kiff provides a view of how offline digital currencies work based on publicly-available information provided in academic papers and vendor white papers.

Bank of Albania: In Conversation with Ledia Bregu, Part Two

In part two of our interview with Ledia Bregu, Director of Payment Systems, Accounting and Finance Department for the Bank of Albania (BoA), the conversation turned to AIPS EURO, a new payments infrastructure launched in 2022, Albania’s EU membership…

Digital Pound Foundation: Advocating for a Well-Designed Digital Pound

The Digital Pound Foundation (DPF) is a non-profit organisation that advocates for a well-designed digital pound, enabling both public and private sectors to fully engage in the design, development, and adoption of a digital Pound, thus contributing to…

SEACEN: Eye on The South East Asian Central Banks Research and Training Centre

Currently, SEACEN reaches out to 35 central banks (19 member central banks, 8 associate members, and 8 observers), and the Centre collaborates with 28 strategic partners in the areas of macroeconomic and monetary policy management, financial stability,…