Bloomberg The European Central Bank (ECB) will start experimenting with a digital version of the euro while holding a public consultation in a major step towards introducing the technology. “Our role is to secure trust in money,” President Christine Lagarde said as the ECB published a study into the benefits and drawbacks of a digital currency. “This means making sure ...

Bloomberg Argentina’s central bank will allow a faster depreciation of its tightly-controlled peso, in the government’s latest attempt to contain a hemorrhage of foreign reserves. The central bank is ending a policy of “uniform devaluation” and allowing greater volatility, according to a central bank statement. It also announced that it was raising repo rates to 24% up from 19% and ...

Abu Dhabi / WAM President His Highness Sheikh Khalifa bin Zayed Al Nahyan has sent a congratulatory cable to HH Sheikh Nawaf Al-Ahmad Al-Jaber Al-Sabah on the occasion of his inauguration as Emir of Kuwait. “We congratulate you on the precious confidence and your assumption of the reins of power in the sisterly State of Kuwait at this important stage ...