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Australia: Test of Central Bank Digital Currencies (CBDCs) for international settlements between Australia, Malaysia, Singapore, South Africa

Progress

Current status
adopted
02 Sep 2021 adopted

Scope

Implementers
Australia
Malaysia
Singapore
South Africa
Policy Area
Design and testing standards
Policy Instrument
Interoperability requirement
Regulated Economic Activity
cross-cutting
Government Branch
executive
Government Body
central bank
Implementation Level
bi- or plurilateral agreement

Timeline of events

02 Sep 2021
adopted

Adopted Project Dunbar enacting Central Bank Digital Currencies (CBDCs) for international settlements

The Bank for International Settlements (BIS) Innovation Hub and the Central Banks of Australia, Malaysia, Singapore, and South Africa agreed to test the use of central bank digital currencies (CBDCs) for international settlements. The "Project Dunba…

Source
Event type declaration
Action type adoption
Government branch executive
Government body central bank

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