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
Other operating conditions
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
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…
SourceEvent type
declaration
Action type
adoption
Government branch
executive
Government body
central bank