By Tobias Adrian, Financial Counsellor and Director of the IMF's Monetary and Capital Markets Department; Tommaso Mancini-Griffoli, Deputy Division Chief in the Monetary and Capital Markets Department at the International Monetary Fund
Central Bank Digital Currencies ((CBDC)) is a complex and multidisciplinary topic requiring active analysis and debate. It raises questions related to monetary policy, central banking operations, and payment systems - as well as financial stability and legal foundations and regulation.
Below are some of the most pressing questions and answers on the topic.