Monthly Archives: September 2021

Euro pound exchange rate (GBP / EUR) climbs as fuel problems ease

September 30, 2021 – Written by John Cameron HISTORY LINK Euro pound exchange rate (GBP / EUR) climbs as fuel problems ease GBP / EUR regains ground as fuel supplies stabilize The Euro pound exchange rate (GBP / EUR) strengthened this morning as the UK fuel supply crisis is once …

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Columbia Banking System Announces Regular Cash Dividend Increase of $ 0.30

TACOMA, Wash., Sept. 30, 2021 / PRNewswire / – Columbia Banking System, Inc. (“Colombia“) (NASDAQ: COLB) announced today that a quarterly cash dividend of $ 0.30 per common share will be paid on October 27, 2021 to shareholders of record at the close of business on October 13, 2021. This …

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Growth of currency in circulation falls – BoG

The currency in circulation that determines the level of liquidity in an economy is declining, raising concerns that the economy is facing a liquidity problem. According to the Bank of Ghana’s financial and economic data summary, the growth of foreign exchange outside banks increased by 18.3% in August 2021. This …

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Citi Big Idea: Central Commercial Banks Use Shared DLT for “Digital Currency Format War” – Ledger Insights

Given that this is how things work today and most laws are independent of technology, this likely would not require legislative changes and could dispense with the need for CBDC. The concept is to create a blockchain with levels and partitions, on which central banks play the same current role …

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RBNZ signals interest in central bank digital currency, seeks comment

WELLINGTON, Sept. 30 (Reuters) – New Zealand’s central bank said on Thursday it was seeking public input on the potential use of a central bank digital currency (CBDC). Many countries are exploring the use of CBDCs, which are digital forms of existing currencies. The US Federal Reserve will soon release …

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Citi Big Idea: Central and Commercial Banks Use Shared DLT for “Digital Currency Format War” – Ledger Insights

During today’s Cordacon Enterprise Blockchain conference, Tony Mclaughlin of Citibank said the regulated industry should work together to fight the “war of digital currency formats.” He suggested that central banks, commercial banks and e-money providers consider using a shared ledger, the Regulated Liability Network, to enable token money and other …

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Tajikistan enters blockchain era with central bank digital currency hosted on Fantom

As blockchain technologies reach widespread adoption, one of the most important forms of validation a project can receive is to be chosen by banks and government agencies to develop dApps and platforms to public use. That is why Fantom’s announcement That it signed a memorandum of understanding with OJSC Orienbank …

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The growth of deposits in the banking system is slowing; preference grows for cash

KUALA LUMPUR (September 29): Annual growth in total deposits in the Malaysian banking system slowed to 3.9% in June 2021 from 6% in March 2021, but remained supported by precautionary savings from households and businesses, said Bank Negara Malaysia (BNM). Deposits by non-bank financial institutions (NBFIs) moderated slightly, reflecting withdrawals …

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RBA money creation to drive Australian rates up earlier, CBA says

By James Glynn SYDNEY – The deluge of fiscal stimulus measures rolled out by Canberra to mitigate the impact of the Covid-19 pandemic in Australia, could come with a sting in its tail as the central bank’s money creation that financed the spending of the government drives up inflation. Gareth …

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CBDC and DLT combo outperforms correspondent banking system

A prototype of multiple central bank digital currencies (mCBDC) developed by the Bank for International Settlements and four central banks demonstrated the potential of using digital currencies and distributed ledger (DLT) technology for payments and cheaper and more secure cross-border regulations. The mBridge project is a cooperation between the BIS …

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