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Project Dunbar: International settlements using multi-CBDCs

Summary:
Project Dunbar brings together the Reserve Bank of Australia, Bank Negara Malaysia, Monetary Authority of Singapore, and South African Reserve Bank with the BIS Innovation Hub to test the use of central bank digital currencies (CBDCs) for international settlements. Learn about the expected benefits of multi-CBDCs and how it could make cross-border payments cheaper, faster, and safer. See how we faced and solved critical challenges in designing a multi-CBDC shared settlement platform.

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Project Dunbar brings together the Reserve Bank of Australia, Bank Negara Malaysia, Monetary Authority of Singapore, and South African Reserve Bank with the BIS Innovation Hub to test the use of central bank digital currencies (CBDCs) for international settlements. Learn about the expected benefits of multi-CBDCs and how it could make cross-border payments cheaper, faster, and safer. See how we faced and solved critical challenges in designing a multi-CBDC shared settlement platform.
International Settlement
The Bank for International Settlements (BIS) is an international company limited by shares owned by central banks which "fosters international monetary and financial cooperation and serves as a bank for central banks". The BIS carries out its work through subcommittees, the secretariats it hosts and through an annual general meeting of all member banks. It also provides banking services, but only to central banks and other international organizations. It is based in Basel, Switzerland, with representative offices in Hong Kong and Mexico City.

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