On 21 March, the ECB and the Danmarks Nationalbank signed the agreement for Denmark to join T2 and TIPS in April 2025 (Currency Participation Agreement – CPA). The Danish krone will be the third currency available for instant payment settlement in TIPS, the infrastructure managed by Banca d'Italia on behalf of the Eurosystem, and, above all, will be the first currency besides the euro to be used in T2, where monetary policy operations are also settled.
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