Tag Archives: Financial inclusion

The Central Bank of the Bahamas introduces CBDC, according to a press release (December 2019). The intended outcome of Project Sand Dollar is that all residents in The Bahamas would have use of a central bank digital currency, on a modernized technology platform, with an experience and convenience—legally and otherwise—that resembles cash. It is expected that this will allow for reduced service delivery costs, increased transactional efficiency, and an improved overall level of...

At a conference in Singapore, IMF Managing Director Christine Lagarde has argued that [w]hile the case for digital currency is not universal, we should investigate it further, seriously, carefully and creatively. In her speech she emphasizes potential benefits related to financial inclusion; security and consumer protection; and privacy. (Privacy would be limited however.) She sees risks as well, including to innovation. But she de-emphasizes the notion of increased run risk which...

At a conference in Singapore, IMF Managing Director Christine Lagarde has argued that [w]hile the case for digital currency is not universal, we should investigate it further, seriously, carefully and creatively. In her speech she emphasizes potential benefits related to financial inclusion; security and consumer protection; and privacy. (Privacy would be limited however.) She sees risks as well, including to innovation. But she de-emphasizes the notion of increased run risk which...