BIS, IMF, WB call for global coordination on CBDCs

19
Islamabad

About 90 percent of the world’s central banks are currently looking at creating digital versions of their currencies.

The Bank for International Settlements, the Interna-tional Monetary Fund and the World Bank made a joint call on Friday for global cooperation on central bank digital currencies.

Around 90 percent of the world’s central banks are currently looking at creat-ing digital versions of their currencies, raising ques-tions about how they will work and operate with each other.

“Central bank digital currencies (CBDC) offer the opportunity to start with a clean slate.—TLTP

Previous articleRailways cut expenses, increased revenue by Rs 1.5b
Next articleBitcoin consolidates to $33,773 as cryptos recover