CBDC: Shaping the Future of Currency

What is Central Bank Digital Currency (CBDC)

Government-issued and controlled form of digital currency.

Distinct from cryptocurrencies

Acts as a digital representation of physical money.

Motivations Behind CBDCs

- Financial Inclusion - Efficiency and Reduced Costs - Monetary Policy Implementation

Challenges and Concerns

- Security and Surveillance - Cybersecurity Risks - Impact on Commercial Banks

Financial Inclusion - A Digital Gateway

CBDCs provide financial services for the unbanked, utilizing the accessibility of smartphones to create a more inclusive economic landscape.

Streamlined Processes for Cost Efficiency

Efficiency is at the core of CBDCs, paving the way for faster and more economical transactions

Empowering Monetary Policy in Real Time

CBDCs provide: - Precision in implementing monetary policies  - Adjusting interest rates - Maintain financial stability.

CBDC is addressing challenges related to privacy, cybersecurity, and the impact on commercial banks  for a secure and seamless transition to a digital financial era.

CBDC stand at the intersection of innovation and tradition 

Offering potential benefits in financial inclusion, efficiency, and monetary policy implementation.