Gaining momentum – Results of the 2021 BIS survey on central bank digital currencies

Anneke Kosse and Ilaria Mattei

No 125 in BIS Papers from Bank for International Settlements

Abstract: Most central banks are exploring central bank digital currencies (CBDCs), and more than a quarter of them are now developing or running concrete pilots. This BIS paper updates earlier surveys that asked central banks about their engagement in this area. The latest responses from 81 central banks show that the Covid-19 pandemic and the emergence of cryptocurrencies have accelerated the work on CBDCs. In addition, this paper shows that more than two thirds of central banks are likely to issue a retail CBDC in the short or medium term. Many are exploring a CBDC ecosystem that involves private sector collaboration and interoperability with existing payment systems.

Date: 2022 Written 2022-05
ISBN: 978-92-9259-559-3
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (22)

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