Central Bank Digital Currencies can replace cash and offer resilience according to International Money Fund Managing Director Kristalina Georgieva. The public sector should, therefore, continue to prepare for CBDC deployment, she said.
by welp007 Central bank digital currencies (CBDC) can replace physical money, especially in economies where cash deployment is costly, Managing Director of the International Monetary Fund Kristalina Georgieva said during a Wednesday speech. CBDCs are digital iterations of sovereign currencies like the U.S. dollar or the euro issued by central banks, potentially utilizing technologies that …