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In recent years, advances in technology and changes in user preferences, as well as changes in the legal and regulatory framework, have increasingly pushed consumers and businesses into digital payments.
Traditional Money vs. Digital Money Read More
Central bank digital currencies (CBDC) are becoming more common and attracting more attention. The emergence and increased use of digital currencies, with declining use of physical cash in some parts of the world, presents new opportunities and risks for central banks.
Central Bank Digital Currencies-2 Read More
BIS has recently published a new report to the G20 about options for access to and interoperability of CBDCs for cross-border payments. The report presents different options for access to and interoperability of CBDC systems to facilitate cross-border payments. It assesses these options based on five criteria: do no harm, enhancing efficiency, increasing resilience, assuring coexistence and interoperability with non-CBDC systems, and enhancing financial inclusion.
BIS Report: Options for Access to and Interoperability of CBDCs for Cross-border Payments Read More
The most important role of central banks is to ensure price stability (low and stable inflation) and to manage economic fluctuations. To be able to make this, central banks basically carry out monetary policy.
Monetary Policy of Central Banks: Traditional vs. Digital Environment Read More
Since the beginning of the use of “money” money, which is a means of payment, has taken various forms in line with the wishes and demands of the people. CBDC could potentially be at the center of transactions as a kind of digital currency backed by governments or central banks. The use of CBDCs is not necessarily a complete replacement for physical cash or other forms of money, including new digital currencies.
What are “Central Bank Digital Currencies”? Read More