Aparna Lucknow, India 601 Questions 0 Answers 0 Best Answers 678 Points View Profile Aparna Asked: October 12, 20212021-10-12T21:28:23+05:30 2021-10-12T21:28:23+05:30In: Economics What are CBDCs? What are Central Bank Digital Currencies (CBDCs)? bankingcurrent affairs Share Facebook 1 Answer Recent Sagar 31 Questions 177 Answers 34 Best Answers 572 Points View Profile Sagar 2021-10-14T03:22:51+05:30Added an answer on October 14, 2021 at 3:22 am Context: There is a possible introduction of Central Bank Digital Currencies (CBDCs) to offer more diversified formats of central bank money. CBDC Central Bank Digital Currency is a digital version of so-called “fiat money,” or the regular currency a country uses, as established and regulated by its government. It is a digital payment instrument that is denominated in a national currency and issued by a central bank. Unlike private virtual currencies whose value is based on its ownership, distribution, and trading on exchanges, a CBDC’s intrinsic value is equivalent to any other form of money issued by the central bank. CBDCs around the world Bank of Thailand Bank of Lithuania The Riksbank, Sweden’s central bank. 0 Reply Share Share Share on Facebook Share on Twitter Share on WhatsApp Leave an answerCancel replyYou must login or register to add a new answer. Related Questions What is Pathalgadi? What is Bodo Accord?
There is a possible introduction of Central Bank Digital Currencies (CBDCs) to offer more diversified formats of central bank money.
CBDCs around the world