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The changing colour of money - new directions for payment systems, currencies

Game-changing developments are requiring central banks to step up and play a more significant part in improving payment security and efficiency.

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A key question informing the BIS Innovation Hub's work is whether money itself needs to be re-invented for a changing environment, or whether the emphasis should be on improving the way it is provided and used.

TECHNOLOGY continuously shapes monetary and financial structures through its influence on the nature of money and the workings of banking and payment systems. This process of evolution through innovation is now accelerating at an unprecedented pace.

Information technology is permeating...

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