This article is published in association with IMF. Serpil Bouza, Marcello Miccoli, Borislava Mircheva Almost two-thirds of countries in the Middle East and Central Asia are exploring adopting a central bank digital currency as a way to promote financial inclusion and improve the efficiency of cross-border payments. Adopting a CBDC, however, requires careful consideration. Countries across […]Central Bank Digital Currencies Can Boost Middle East’s Financial Inclusion, Payment Efficiency
June 19, 2024 by Leave a Comment
This article is published in association with IMF. Serpil Bouza, Marcello Miccoli, Borislava Mircheva Almost two-thirds of countries in the Middle East and Central Asia are exploring adopting a central bank digital currency as a way to promote financial inclusion and improve the efficiency of cross-border payments. Adopting a CBDC, however, requires careful consideration. Countries across […]By 2028, just 9% of all payments will be made in physical currency – but we may miss it
September 27, 2023 by Leave a Comment
This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Richard Gendal Brown, Chief Technology Officer, R3 CBDC development is accelerating, but sceptics question the need for a digital cash replacement.While current electronic payment systems work well, they do not provide the same personal freedom that cash offers.A […]What are foreign currency reserves and can they help combat the global economic crisis?
August 9, 2022 by Leave a Comment
This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Stefan Ellerbeck, Senior Writer, Formative Content Sri Lanka’s foreign currency reserves have fallen by 99% since 2019, amid an economic crisis that has seen the country’s president overthrown.Foreign currency or exchange reserves, otherwise known as forex reserves, comprise […]Cambodia’s digital currency can show other central banks the way
August 30, 2021 by 3 Comments
This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Makoto Takemiya, Co-founder and CEO, Soramitsu The National Bank of Cambodia launched its digital currency, Bakong, in October 2020.Almost 200,000 people use its digital wallet, and almost 6 million have benefited through the use of connected banking apps.Bakong […]This new form of currency could transform the way we see money
April 8, 2019 by Leave a Comment
This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Ashley Lannquist, Project Lead, Blockchain and Distributed Ledger Technology, World Economic Forum Central banks around the world are experimenting with so-called Central Bank Digital Currency (CBDC). But what is it and why does it matter? CBDC is a digitized […]
