More: Banking
How Developing Countries Can Successfully Implement CBDCs
As central banks worldwide explore the potential of Central Bank Digital Currencies (CBDCs), the implementation process in developing countries faces unique challenges. While CBDCs...
Multiple-Central Bank Digital Currency Platforms: Â An Alternative to the Dollar-Based Payment System?
The United States Dollar (USD) has long enjoyed the ‘exorbitant privilege’ of being at the centre of the international financial and trade system, serving...
Branches of Foreign Banks to Operate in Russia
Russian President Vladimir Putin signed a law that allows foreign banks to open branches in Russia but also provides for a number of restrictions...
Interest Rates on Mortgages in Canada 2024: A Comprehensive Overview
Mortgage interest rates are a critical factor for homebuyers and real estate investors. In 2024, the Canadian home loan market is experiencing various trends...
The Petroyuan is Born: Saudia Arabia Joins the mBridge CBDC Transfer System
The Central Bank Digital Currency (CBDC) revolution is beginning in earnest as Saudi Arabia becomes a full member of the mBridge project. Saudi Arabia...
Bakai Bank Partners with the American Chamber of Commerce
Are Global Ratings for Kyrgyzstan Rising?
Last week, the US imposed additional sanctions on Moscow. Some of these measures targeted foreign companies aiding Russia in...
U.S. Federal Reserve left interest rates unchanged at 5.25 – 5.5 percent
The Federal Reserve of the United States decided to maintain interest rates at a 22-year high of 5.25 percent to 5.5 percent, based on...
Funding the Future: How MDB Reform Paves the Way for SDG Progress
The international financial architecture is outdated and is failing humanity. From egregious borrowing costs for developing countries to underinvestment in global crises like climate...
Of legal tenders, identity and value
The constructivist ontology posits that reality is based upon norms and ideas we collectively agree to be real. Therefore things like currencies and legal...
Choosing the CBDC Path: Between mBridge and SWIFT, Which Holds More Promise for Developing Countries?
The rapid digital transformation has led to the emergence of innovative initiatives like mBridge and the SWIFT CBDC project, both aiming to revolutionize cross-border...