Central bank digital currencies for cross-border payments
July 9, 2021
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Central bank digital currencies for cross-border payments, (USA: International Monetary Fund, 2021) accessed November 21, 2024
Summary
The G20 has made enhancing cross-border payments a priority and endorsed a comprehensive programme to address the key challenges.1 Faster, cheaper, more transparent and more inclusive cross-border payment services would deliver widespread benefits for citizens and economies worldwide, supporting economic growth, international trade, global development and financial inclusion. To that end, this report takes stock of the international dimension of central bank digital currency (CBDC, see glossary) projects and the extent to which they could be used for cross-border payments. The report also investigates possible macro-financial implications associated with the cross-border use of CBDCs. The analysis does not imply that central banks mentioned in this report have reached a decision about issuance of a CBDC.
Subject: Monetary policy, Political economy
Publication Details
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Pages:
37
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Volume:
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DOI:
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Issue:
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Series:
Policy Paper No. 2021/048
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Stock No:
PPEA2021048
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ISBN:
9781513589039
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ISSN:
2663-3493
