IMF Explores Digital Currency Use in International Reserve Ecosystem
Updated December 21, 2020 at 1:29pm EST As more countries issue or develop central bank digital currencies (CBDC), the prospect of a digital currency as part of mainstream finance is increasingly becoming a reality. How will the digital currencies affect the international reserve ecosystem? A recent paper by the International Monetary Fund (IMF) seeks to provide the answer to that question. This year’s pandemic has already hastened the move toward a reconfiguration of the international reserve system. “COVID-19 could alter the global economic landscape … trigger strategic shifts in rese...
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