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The Central Bank of Egypt (CBE) is actively considering the issuance of a digital pound in collaboration with the International Monetary Fund (IMF) and the World Bank, aiming to propel the country's digital transformation.. Director of the Cairo Center for Economic and Strategic Studies, Abdel Monem Al-Sayed, told Al-Masry Al-Youm that the digital pound is
The Bank of England and finance ministry have said an electronic form of the pound is likely in the second half of the decade, as 130 countries consider similar moves to keep abreast of technological advances in payments.
A digital currency could be introduced before the end of the decade.
The Bank of England’s plans to introduce a digital pound could increase the risk of bank runs, MPs have warned.
Plans to implement a ‘digital pound’ are likely to happen by “the end of the decade”, said Bank of England deputy governor Jon Cunliffe.