Turkey prepares for changes with m-bridge testing and shifts to yuan for oil trade, bypassing dollar dependence.
Project mBridge and CBDCs: Project mBridge is a multilateral initiative involving central banks and commercial banks. It aims to explore a multi-central bank digital currency (CBDC) platform built on distributed ledger technology (DLT) for instant cross-border payments and settlement1. The project involves collaboration between the BIS Innovation Hub, the Bank of Thailand, the Central Bank of …