In a move to improve traditional cross-border payments, the Bank for International Settlements (BIS) has announced the launch of Project Rialto. This project aims to enhance instant cross-border payments by integrating a modular foreign exchange (FX) component with settlement in wholesale central bank digital currencies (CBDCs). The initiative, a collaboration between the BIS Innovation Hub […]News Bytes, Bank for International Settlements (BIS), CBDC, CBDCs, News Bytes – 5, SingaporeRead More

You might also be interested in reading Oh for the days when a fish supper was 35p! As Rick Stein goes back to 1975 prices at his restaurant, JEFF PRESTIDGE explains why butter is no longer 11 p (now £2.70), a pint of bitter is not 28p (now £4.25) and you can’t watch Man Utd for 65p (now £66).