Digital money is a logical step in a process of continuous technological advancement in payment systems. In response, central banks are reviewing their conduct of monetary operations in light of the new shape of financial markets and systems. The impact of digital money will depend on the type of money substitution by digital money. The paper straddles several cases where substitution of CiC (currency in circulation), and bank deposits may take place via digital money such as CBDC or other e-money, and how it would impact the central bank balance sheet. Remuneration of CBDC, if aligned to a new objective, could potentially amplify the effect on the interest rate channel of monetary policy.

Asia remains a relative bright spot in an increasingly dimming global economy, the International Monetary Fund said on Friday as it announced cuts in its Asia-Pacific growth projections.

Two key features of the IMF deal will have the result – intended or not – of shifting Zambian spending away from Chinese projects.

Zambia will not be paying its $750 million euro bond due in September until new terms of payment are agreed between the government and bondholders, its Finance Minister Situmbeko Musokotwane said on Sunday. The International Monetary Fund (IMF) on Thursday approved a $1.3 billion, 38-month loan programme, a step taken after its main creditors China and France agreed in July to negotiate to restructure the southern African country's debt.

Subscribers may share up to 10 Zambia has secured a $1.3bn IMF bailout package, enabling the African nation to advance talks with creditors on exiting a default that will test how Beijing handles the souring of its loans to developing nations.

A statement released by Zambia’s Paris Club bilateral creditor committee on 30 July should be sufficient to unlock a first tranche of IMF funding in the coming months, substantially improving the country’s near-term external liquidity.

The Chinese currency yuan’s weighting was raised to 12.28 percent from 10.92 percent in its first regular review of the SDR evaluation since the yuan was included in the SDR basket in 2016