Tag: Central Bank
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Bahamas to regulate banks to offer cbank digital currency
The Bahamas, the first country in the world to issue a central bank digital currency (CBDC), is now preparing regulations that will require commercial banks to provide access to the e-money in a bid to stimulate adoption. John Rolle, the islands’ central bank governor, who oversaw the Sand Dollar’s launch nearly four years ago, said…
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Zimbabwe unveils new currency as depreciation, inflation stoke turmoil
Zimbabwe on Friday launched a new currency to replace its previous one that in recent months has been battered by depreciation, and in some instances rejection by the population. Authorities hope the new measure will halt a currency crisis underlining the country’s yearslong economic troubles. Reserve Bank of Zimbabwe Gov. John Mushayavanhu said the…
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