Tag: National Bank
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Instant Payment System – Switzerland on the Road to a Cashless Society
Switzerland has taken another step towards a cashless society. The Swiss National Bank (SNB) and the stock exchange and financial infrastructure operator SIX have...
For defense and reconstruction – EU: Proceeds from Russian assets flow to Kiev
On Tuesday, the Council of EU countries in Brussels approved the use of proceeds from frozen Russian assets. 90 percent of the money...
Billions for Kiev – EU plan for Russian money clears next hurdle
According to the Belgian Presidency of the Council, EU ambassadors agreed in principle on Wednesday to channel proceeds from frozen Russian assets to the...
The National Bank expects inflation to fall to 3.6 percent
The Austrian National Bank expects inflation to fall to 3.6 percent this year. This has been halved compared to last year. Inflation...
Fake 50s are common – counterfeit money is back to pre-pandemic levels
In Austria, a total of 7,842 counterfeit banknotes were withdrawn from circulation in 2023, a significant increase compared to the two previous years. ...
