Bank of mexico News

Central Bank Clarifies Role in Government Payments Amid Fraud Concerns.

Central Bank Governor Nandalal Weerasinghe has clarified that the institution acts only as an execution agent for government payments, following controversies regarding a $2.5 million fraudulent debt transaction.

Syria Reconnects with Global Financial Systems Through Visa and Mastercard Integration.

Syria has officially authorized local banks to collaborate with Visa and Mastercard, ending a 15-year isolation from global payment networks as part of a strategic effort to revitalize its economy.

People’s Bank Spearheads Digital Payment Revolution to Advance Cash-Lite Economy.

Bank of Mexico Signals Potential Conclusion to Interest Rate Easing Phase.

Colombian Court Reviews Historic Decree Impacting Central Bank Independence.

A Colombian court has initiated a review of a decades-old decree that could potentially challenge the Central Bank's autonomy, specifically regarding its authority to adjust interest rates independently.

Swiss National Bank Advocates for Increased Competition in Cashless Payment Systems.

The Swiss National Bank (SNB) is promoting measures to enhance competition within the digital payments sector to ensure greater efficiency, resilience, and lower barriers to entry for new financial service providers.