There are only three non-bank E-money institutions authorized under the Financial Services (Banking) Act for issuing means of payment in the form of electronic money.
The bank also said its Board has authorized it to buyback nearly 12.6 million shares, about 7% of its outstanding common stock, as well as outstanding warrants to purchase nearly 11.5 million shares of common stock.
The newly minted currency makes its way into the economy through purchases of sovereign debt held by certain individuals authorized to do business directly with the central bank, called primary dealers (in real life, these are large financial firms).
In addition, the Federal Open Market Committee has authorized increases in its existing temporary reciprocal currency arrangements with the European Central Bank and the Swiss National Bank.