Understanding CBDC and its application in emerging markets

Understanding CBDC and its application in emerging markets

3 March, 2023    

Central banks have cited several reasons for considering or piloting central bank digital currencies (CBDC). These include a desire to enhance financial stability and monetary policy, improve payment systems, and contribute to financial inclusion. 

However, uncertainty still exists regarding how a CBDC can be designed to promote greater access and meaningful usage in a more inclusive digital payments system without exacerbating divides for vulnerable populations.  

The potential risks and opportunities warrant further exploration, particularly as the national and regional context will significantly influence the ultimate impact of CBDC.  

Over the past few years, Cenfri has undertaken several studies relating to CBDC considerations in low-and-middle-income countries (LMICs). These include: 

We have also developed several shorter outputs and presentations on CBDC: 


If you are keen to talk to us about CBDC or contract us for related work email antonia@cenfri.org 

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