Despite rapid advancement of a digital yuan, China’s progress in internationalizing its currency has stalled out in recent months. Per data from SWIFT’s RMB Tracker released on Jan. 20, the Chinese yuan (CNY), also known…
The central bank of Kyrgyzstan has disabled cross-border transactions on the SWIFT financial network amid widespread unrest over the country’s disputed parliamentary elections. Aida Karabaeva, an official representative of the National Bank of the Kyrgyz…