The managing director of the International Monetary Fund (IMF), Kristalina Georgieva, has recently said that Central Bank Digital Currencies (CBDC) can replace cash and offer resilience. Indeed, Georgieva discussed how different economies can benefit from digital asset integration in different ways. Specifically, she stated that CBDCs could work to replace cash in island countries, thus providing cost-efficiency avenues. Moreover, she suggested that digital currency would bring resilience to more advanced economies. Either way, she asserted that the public should be ready for continued CBDC deployment.
This is good news as the development of CBDCs could provide various economies with improved cost efficiency, resilience and financial inclusion. Georgieva is calling for the public sector to continue preparing for CBDC deployment in the future and for the further development of cross-border usage.
The managing director of the International Monetary Fund (IMF), Kristalina Georgieva, has recently said that Central Bank Digital Currencies (CBDC) can replace cash and offer resilience. This is good news as the development of CBDCs could provide various economies with improved cost efficiency, resilience and financial inclusion. Georgieva is calling for the public sector to continue preparing for CBDC deployment in the future and for the further development of cross-border usage. #CBDC #IMF #DigitalCurrencies #FinancialInclusion
You can read more about this topic here: Watcher Guru: IMF Managing Director Says CBDC Can Replace Cash
