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The Future of Central Bank Digital Currencies

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Central banks of Canada, Switzerland, Sweden, the U.K., and Japan along with the European Central Bank and BIS, formed a working group. The Bank of International settlements (BIS) is an international financial institution owned by central banks. The purpose of this working group is to learn more about central bank digital currencies (CBDC) and to share findings with other central banks.
All seven-member announced this news on Tuesday. According to the statement, each central bank will investigate several important topics conned with digital currencies. For example, cross-border interoperability of the CBDC.

Moreover, the members of the group will cooperate with the Committee on Payments and Market Infrastructures (CPMI). According to the information, the member will also work with the Financial Stability Board (FSB) which is a recommendation body for the global financial system.

It is important to mention that, head of BIS Innovation Hub, Benoit Coeure will serve as chairman of the group along with Jon Cunliffe. He is a deputy governor of the Bank of England and chairman of CPMI. Senior representatives of other central banks that are part of the group will work with Coeure and Cunliffe.

Central banks and digital currencies
The central banks in Europe and around the globe step-by-step realize the importance of digital currencies.

The interest in central bank digital currencies increased following the Libra announcement in the summer of 2019. The possibility of a private currency accelerated the process as central banks decided to pay more attention to research and development.

Other central banks are also interested in digital currencies. The central bank of Thailand made the decision to launch its digital currency project.

Interestingly, the world’s second-largest economy in the world after the U.S. wants to create its cryptocurrency. The attitude towards the crypto industry is vague; nevertheless, the central bank is working on the national digital currency.

Moreover, the crypto market is evolving and other central banks may follow the footsteps of the U.K. and other countries.

Is Your Carpet Runner Running Away? Buying and Fitting Tips

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A carpet runner is a narrow strip of long carpet (or rug) which is used mainly on stairs or in hallways to accommodate a narrow space and to compliment or accent the existing colour palette of the home. They are also used to add warmth and comfort under foot to hard floors (wood/tile/laminate/concrete etc.).

First impressions Count

As a carpet runner is often the first soft furnishing people notice when they enter your home the design, colour and texture are all important. They can add that extra touch of glamour and elegance to a home.

If you are fortunate to be planning your entire homes floor coverings at one time, you have the exciting option of selecting a colour palette which incorporates a selection of complimentary colours for all around the house. The colour palette usually includes plain colours and a single accent colour which combines all the colours in the palette. These striking accents bring all the carpet colours together for dramatic effect and ensure that your home has the wow factor.

Design Tip: When buying new carpets ask your supplier for a colour palette based on the shade you have in mind. Ideally they will have a colour wheel or something similar to help you find colours which compliment and enhance each other. These handy tools take the effort out of mixing and matching.

Design benefits of carpet runners

• A great first impression.

• Can brighten up a fairly plain carpet/stair/wall colour with an accent of complimentary colour.

• Warmth and comfort under foot.

• They can cover a spot on the carpet or floor that cannot otherwise be removed.

• Save existing floor covering from wear and tear.

• Dogs can have trouble walking on laminate/wooden floors and these can give them fright-free access to your home.

• Can be easily removed for floor cleaning, moving house, redecorating.

• Can provide an even surface to an otherwise uneven floor.

• Noise is dampened by the effect of a carpet underfoot.

Safety First

Carpet runners can be a slip or trip hazard for the elderly, young children or anyone who is not aware of the slight difference in floor level as they move from one floor covering to another. They can also prove a hazard on stairs if they are not fitted correctly. After all if when you step onto the carpet runner it moves, so can you…to the bottom of the stairs. As such it is very important whether fitted to stairs or installed in a hallway or lounge the carpet runner is properly fixed and as flush as possible with the floor. A non-stick rug pad can be an inexpensive option for securing the runner. When it comes to the stairs it is best to consult a professional or to let your carpet supplier fit it for you.