Currency:astar articles
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Republicans fight back against central bank digital currencies
On May 23, 2024, the Republican-controlled U.S. House of Representatives struck a major blow to the implementation of central bank digital currencies, passing the CBDC Anti-Surveillance State Act (H.R. 5403), which prohibits the Federal Reserve from: Directly issuing a CBDC without explicit approval from Congress; Using a CBDC to set monetary policy; Maintaining financial accounts for individuals (something failed Biden nominee Saule Omarova had proposed). Rep. Patrick McHenry (R-N.C.),...
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IEA urges BoG to implement currency board system
The Institute of Economic Affairs (IEA) has proposed that the Bank of Ghana (BoG) consider replacing the existing central bank system with a currency board.
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Settle on ZiG as‘go for’ currency key Parliament committees urge the government
By Brandon Josphat [email protected] LEGISLATORS want authorities to designate the ZiG as the currency of choice for all local transactions, with consumers To access this post, you must purchase a subscription. Please click the button below to visit our subscriptions page to select a package. Subscriptions