Transcription of CENTRAL BANK DIGITAL CURRENCY
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CENTRAL BANK DIGITAL CURRENCY
CENTRAL bank DIGITAL CURRENCYA Payments Perspective NOVEMBER 2021 Public Disclosure AuthorizedPublic Disclosure AuthorizedPublic Disclosure AuthorizedPublic Disclosure AuthorizedB Fast Payment Systems: Preliminary Analysis of Global Developments 2021 International bank for Reconstruction and Development / The World bank 1818 H Street NW Washington DC 20433 Telephone: 202-473-1000 Internet: This volume is a product of the staff of the World bank . The findings, interpretations, and conclusions expressed in this volume do not necessarily reflect the views of the Executive Directors of the World bank or the governments they represent. The World bank does not guarantee the accuracy of the data included in this work. The boundaries, colors, denominations, and other information shown on any map in this work do not imply any judgment on the part of the World bank concerning the legal status of any territory or the endorsement or acceptance of such boundaries.
by a central bank. These innovations are forcing us to revisit the very definition of money and currency as an exchange of value, terms we had for decades taken for granted. A few central banks are considering or beginning the process of issuing a central bank digital currency (CBDC). From design
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