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John Winchcombe

29 Aug. 2023

5 min read

News in Brief

Austria is looking at including the right to use cash in its constitution. A task force is looking at putting the right to pay with physical money and to guarantee access to ATMs.

News

John Winchcombe

29 Aug. 2023

4 min read

Upcoming Event Summary

Asia Cash Cycle Seminar (ICCOS) The seminar takes place 11-13 September in Bangkok, co-hosted by the Bank of Thailand. It starts with a summit for central banks.

Events

John Winchcombe

29 Aug. 2023

4 min read

Time for Cash Departments to Think Radically?

The role of Currency Issue Director is great preparation for high office in a central bank. Ask Andrew Bailey, Governor of the Bank of England, or Michelle Bullock, soon to be Governor of the Reserve Bank of Australia, both of whom have managed currency in their banks. What makes it such good preparation?

Central Banks

John Winchcombe

29 Aug. 2023

2 min read

Cashless Society Supports Friedman’s Theories

An undergraduate study in Nigeria has been published by the Munich Personal RePEc Archive which considers what happens to money, monetary policy and financial assets when cash demand falls.

Future of Cash

John Winchcombe

29 Aug. 2023

4 min read

The Difference AI Can Make

McKinsey have issued a white paper on what is happening with AI and Generative Pre-trained Transformer (GPT).

John Winchcombe

29 Aug. 2023

5 min read

Payment News

Safaricom has increased both the account and daily transaction limits on its M-Pesa mobile money service from KSh 300,000 to KSh 500,000, approximately $3,477. The limit for an individual transaction remains at Ksh 150,000.

News

John Winchcombe

29 Aug. 2023

5 min read

Figuring Out Cash Demand

The Banque de France issued a working paper in October 2022 that dealt with a number of fundamental questions about cash, questions that are particularly important in a less cash scenario. The paper addressed not just why people hold cash but why they hold different denominations. As the economy changes, what happens to cash holdings?

Cash Usage Free Free

John Winchcombe

29 Aug. 2023

5 min read

CBDC Round-Up

Laos has trialled a digital currency, the Digital Lao Kip, working with Soramitsu, a Japanese fintech company.

CBDC Digital CN

Astrid Mitchell

24 Aug. 2023

2 min read

CBDC Conference: from Niche to Mainstream

CBDCs started to become visible in published papers and discussions around 2016. No doubt there was much material before then but the acceleration of interest and activity has taken CBDCs from a niche to main stream media discussions.

Events Free Events Free

John Winchcombe

30 July 2023

4 min read

Who Really Needs Cash?

The Dutch National Bank recognises that while digital payments are a preferred payment solution for some, they are a challenge for others. A missing element in understanding this is the extent to which cash is important and which groups cannot do without cash.

Cash Usage

John Winchcombe

30 July 2023

2 min read

EC Legal Tender Definitions Fall Short

The European Commission (EC) has published proposals on the legal tender status of cash and a possible future European Central Bank Digital Currency.

Future of Cash

John Winchcombe

30 July 2023

5 min read

CBDC Round-Up

The Bank for International Settlements (BIS) has surveyed 86 central banks and found over half are conducting concrete experiments or piloting CBDCs.

CBDC Digital CN

John Winchcombe

30 July 2023

5 min read

Currency Conference Review – an Industry in Change

The Currency Conference took part in Mexico City in May 2023. Two sessions were particularly relevant, an overview of cash today and work to ensure cash is resilient.

Events Future of Cash

John Winchcombe

30 July 2023

5 min read

Securing Your Reputation When Issuing a CBDC

The Bank for International Settlements (BIS) has published its second guide to creating a Central Bank Digital Currency (CBDC). This edition focuses on a security and resilience framework to guide central banks through the critical task of creating a safe CBDC.

CBDC

John Winchcombe

30 July 2023

5 min read

Payment News

Australia’s Commonwealth Bank is to scrap over-the-counter cash withdrawals at new cashless bank branches. Cash will still be available at ATMs.

News

John Winchcombe

30 July 2023

4 min read

Regulatory Challenges of AI

Artificial Intelligence (AI), Machine Learning, ‘big data’ and ChatGPT have now reached the public consciousness in a big way, hence headlines such as ‘Central Bank of Ireland blocks ChatGPT for staff as financial services firms grapple with AI’ and ‘China’s Central Bank Warns Against ChatGPT ‘Data Leaks’.

AI Central Banks Data Analytics

John Winchcombe

30 July 2023

5 min read

News in Brief

Planning for the third euro series is underway. The Theme Advisory Group has issued a shortlist of six themes following an internal voting procedure.

News

John Winchcombe

30 July 2023

4 min read

Cash – a Backstop for Freedom

Let’s talk about Canada’s Prime Minister Justin Trudeau, the Chinese Communist Party (CCP), the UK’s Brexit campaign leader Nigel Farage and cash. Cash, of course, being a key part of the payment system driving economic activity around the world.

Cash Usage Future of Cash

John Winchcombe

30 July 2023

5 min read

Brainstorming Cash Cycle Resilience

At the Currency Conference in May 54 members of the International Association of Currency Affairs (IACA) met to discuss how to build a resilient cash infrastructure, a highly topical subject.

Future of Cash

John Winchcombe

30 July 2023

4 min read

Central Banks and Big Data and Machine Learning

The European Money and Finance Forum has recently published a useful paper on big data and machine learning in central banks.

Central Banks Data Analytics Free Free

Latest News

News in Brief

Upcoming Event Summary

Time for Cash Departments to Think Radically?

Cashless Society Supports Friedman’s Theories

The Difference AI Can Make

Payment News

Figuring Out Cash Demand

CBDC Round-Up

CBDC Conference: from Niche to Mainstream

Who Really Needs Cash?

EC Legal Tender Definitions Fall Short

CBDC Round-Up

Currency Conference Review – an Industry in Change

Securing Your Reputation When Issuing a CBDC

Payment News

Regulatory Challenges of AI

News in Brief

Cash – a Backstop for Freedom

Brainstorming Cash Cycle Resilience

Central Banks and Big Data and Machine Learning

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