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The geopolitical relevance of central bank digital currencies

Digital currencies are becoming increasingly present on both research and policy agendas, including for central banks. This column explores the geopolitical role of central bank digital currencies, with a particular focus on China. It argues that such currencies could be useful as a means for central banks to record transactions in an increasingly cashless economy and could

U S Centralized Bank Digital Currency Developments

In support of a U.S. CBDC, Governor Brainard stated there are four developments driving increased focus on a CBDC: the role of digital private money, migration to digital payments, plans for the use of foreign CBDCs in cross-border payments, and financial exclusion concerns.

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