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Podcast: Hotep Jesus
Episode: IMF: How Should Central Banks Explore Central Bank Digital Currency (CBDC) - The Grift Report
Description: Digitalization of the economy provides both challenges and opportunities. Central banks should ensure they can continue to meet their policy objectives in the digital age. In this context, central bank digital currency (CBDC) should be evaluated. If designed appropriately, CBDCs could allow central banks to modernize payment systems and future-proof central bank money as the pace and shape of digitalization continue to evolve. However, the decision to proceed with CBDC exploration and an eventual launch would need to be jurisdiction-specific, depending on the degree of digitalization of the economy, the legal and regulatory frameworks, and the central bank’s internal ca...