Do We Need âPublic Moneyâ? - Speech By Jon Cunliffe, Bank Of England, Deputy Governor, Financial Stability, Given at the OMFIF Digital Money Institute, London Date
13/05/2021
The Bank of England has issued banknotes for over 300 years. Jon Cunliffe talks about future of money in the UK in an increasingly digital world.
Speech
I want to talk today about whether we need ‘public money’. I should make clear that I am not talking here about public spending but rather about the form of money itself: by ‘public money’ I mean money issued by the state to its citizens for everyday use.