The IMF handbook's opening chapter discusses how central bank digital currencies (CBDC) could keep government financial institutions relevant. "With digitalization and falling cash usage in parts ...

For PICs with established national currencies and mature banking systems, the IMF recommends a two-tier CBDC model. In this model, the central bank would issue the CBDC but delegate its ...

Interest in developing their own central bank digital currencies remains strong among central banks worldwide, but so far, ...

An interest-bearing and universally accessible central bank digital currency (CBDC) could be a versatile instrument that would, in theory, improve monetary policy by allowing non-linear transfers and ...

Description: The IMF is frequently approached by central banks seeking guidance on the balance between central bank digital currency (CBDC), fast payment systems (FPS), and electronic money (e-money) ...

At the request of the Bank of Namibia (BoN), an IMF mission team conducted a technical assistance (TA) from January 15 to February 1, 2024. The mission assisted the authorities in establishing the ...

The IMF panel on cross-border payments was a Central Bank Digital Currency (CBDC) discussion in disguise, headlined by Jerome Powell, chairman of the Federal Reserve. The IMF panel on cross-border ...

Not only can payment disruptions happen with bitcoin, but the IMF is also concerned about the quantity of central bank digital currencies (CBDC) being developed. As the system fragments and central ...

And, just last month, the Federal Reserve issued a report that noted that “a CBDC could fundamentally change the structure of the U.S. financial system.” As you might expect, the IMF is deeply ...

CBDC and the effectiveness of monetary policy Issuing a central bank digital currency (CBDC) could potentially counter the use of Libra. A CDBC could offer a new digital payment rail and an asset for ...