Tag: central bank digital currencies

Central Banks Are Increasingly Interested in CBDCs, Says BIS Survey

July 12, 2023
bank of international settlementsbankingBusiness & Marketscentral bank digital currenciesCompaniescryptocurrencyeconomic policieseconomyInvestmentMarketsUSWorld
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At least 93 percent of central banks are already researching the implementation of central bank digital currencies (CBCD), according to a recent survey. Twenty-four central banks in emerging and in advanced economies are expected to have digital currencies in circulation by 2030, the Bank for International Settlements (BIS) said in a survey published on July…

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Central Bank Digital Currencies Could Bring Hyperinflation

February 6, 2023
central bank digital currenciesOpinionViewpoints
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Commentary There are many excuses often used to explain inflation. However, the fact is that there’s no such thing as “cost-push inflation” or “commodity inflation.” Inflation isn’t an increase in prices; it’s the destruction of the purchasing power of the currency. Cost-push inflation is more units of currency going to relatively scarce real assets. The…

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Digital Currency Launch in Nigeria Matters for Rest of the World: Investigative Journalist

January 5, 2023
AfricaBusiness & Marketscentral bank digital currencieseconomic policiesNigeriaWorld
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Major central banks have been watching how Nigeria’s new central bank digital currency has fared since its launch a year ago as they prepare to introduce digital currencies in their own countries, said Nick Corbishley, investigative journalist and author. The current push for centralized digital currencies was made feasible through digital identity technology that enabled…

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The Case for Central Bank Digital Currencies

August 22, 2022
BrightBusiness & Marketscentral bank digital currenciescentral banksdigital currenciesmonetary policypersonal finance
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As the world becomes more digitized and technologically advanced, our monetary system has yet to fully keep up. Money in many ways has already been digitized, with online banking and through online payment platforms, but central banks are pushing to move toward a currency that allows for full control and much more convenience through what…

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