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What is CBDC and why are countries considering it now?


What is CBDC and why are countries considering it now?
Wednesday, 21 July 2021
Right now multiple countries around the world are considering establishing a central bank digital currency (CBDC). This increased interest may have been spurred on by the decline in cash use during the pandemic, as well as the growing popularity of digital payments.
Cash got a bad name in 2020
Early negative messaging around Covid-19 and cash use could be linked to a significant fall in cash use worldwide last year. In its 2020 Global Payments Report, McKinsey predicted a 4% to 5% decline in cash payments by the end of the year. That figure is four to five times the annual decrease in cash payments, observed by McKinsey in previous reports. ....

Hong Kong , United Kingdom , South Africa , Fadela Chaib , Tony Richards , People Bank , Central Bank , World Health Organisation , Payments Report , Reserve Bank , Payments Policy , Sand Dollar , ஹாங் காங் , ஒன்றுபட்டது கிஂக்டம் , டோனி ரிச்சர்ட்ஸ் , மக்கள் வங்கி , மைய வங்கி , உலகம் ஆரோக்கியம் ஆர்கநைஸேஶந் , கொடுப்பனவுகள் அறிக்கை , இருப்பு வங்கி , கொடுப்பனவுகள் பாலிஸீ ,

Carnell welcomes NSW plan for contractors to pay suppliers in 20 days


Carnell welcomes NSW plan for contractors to pay suppliers in 20 days
Eloise Keating
© Provided by Smart Company
Kate-Carnell-backs-small-claims-changes
Small business subcontractors in New South Wales could soon be paid faster if a new pilot program being run by the government is adopted across the state.
Small business ombudsman Kate Carnell has welcomed the launch of the pilot program, which requires large businesses that have a contract with the NSW government to pay their own suppliers and subcontractors within 20 days. 
The program is being trialled with several large businesses and will end in June. It is expected to be applied state-wide after this time.  ....

Kate Carnell , Damien Tudehope , Smart Company , New South Wales , Payments Policy , Business Minister Damien Tudehope , Western Australian , Payment Times Reporting Scheme , கேட் கார்னெல் , புத்திசாலி நிறுவனம் , புதியது தெற்கு வேல்ஸ் , கொடுப்பனவுகள் பாலிஸீ , மேற்கு ஆஸ்திரேலிய , கட்டணம் முறை புகாரளித்தல் திட்டம் ,