Central Bank Digital Currency and Other Digital Payments in Sub-Saharan Africa: A Regional Survey

Luca Antonio Ricci, Calixte Ahokpossi, Anna Belianska, Khushboo Khandelwal, Sunwoo Lee, Bin Grace Li, Yibin Mu, Saad Quayyum, Silvia Guadalupe Nunez, Jack Joo Ree, Marcos Rietti Souto and Felix Simione

No 19889, CEPR Discussion Papers from Centre for Economic Policy Research

Abstract: This paper reports key findings from the Sub-Saharan Africa Central Bank Digital Currency (CBDC) and Digital Payments Survey, shedding light on the motivations, benefits, and challenges of CBDC adoption, as well as the developments of digital private money and crypto assets in sub-Saharan Africa. It emphasizes the pivotal role of collaboration and shared knowledge in navigating the intricate landscape of digital currencies and assets in sub-Saharan Africa. As this evolving digital frontier is explored, the experiences and aspirations of the region’s central banks, as expressed in the survey, will help harness the potential for digital currencies, assets, and payments, and foster cooperation among countries in sub-Saharan Africa. A forthcoming IMF Departmental Paper will focus on key issues for countries in sub-Saharan Africa pertaining to CBDCs, private digital payments, and crypto assets. It will provide a deeper discussion of the benefits, costs, and risks of these digital payment systems and present policy options to enhance financial digital development and inclusion, while safeguarding macroeconomic and financial stability.

JEL-codes: E41 E42 E44 E58 G20 G21 G23 (search for similar items in EconPapers)
Date: 2025-01
References: Add references at CitEc
Citations:

Downloads: (external link)
https://cepr.org/publications/DP19889 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:cpr:ceprdp:19889

Ordering information: This working paper can be ordered from
https://cepr.org/publications/DP19889

Access Statistics for this paper

More papers in CEPR Discussion Papers from Centre for Economic Policy Research 33 Great Sutton Street, London EC1V 0DX, UK.
Bibliographic data for series maintained by CEPR ().