Central banks are reducing their U.S. dollar holdings while seeking to increase Chinese yuan holdings.
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Twenty-four central banks will have digital currencies by 2030 - BIS surveySome two dozen central banks across emerging and advanced economies are expected to have digital currencies in circulation by the end of the decade, the Bank for International Settlements (BIS) found in a survey published on Monday.
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Banks’ Newest Fed Headache: Nonstop Instant PaymentsAnalysts worry that a new Federal Reserve system for banks will trigger deposit flight
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Exclusive: South Korea asks banks to prepare $4 billion to support credit unionSouth Korea's financial services regulator has asked major commercial banks to prepare around $4 billion in financing to support a credit cooperative hit by customer withdrawals, two banking sources familiar with the matter said on Monday.
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Exclusive: South Korea asks banks to prepare $4 bln to support credit union -sourcesSouth Korea's financial services regulator has asked major commercial banks to prepare around $4 billion in financing to support a credit cooperative hit by customer withdrawals, two banking sources familiar with the matter said on Monday.
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