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https://www.elibrary.imf.org/view/journals/063/2023/011/063.2023.issue-011-en.xml?cid=nl-com-compd-nn092023
Submission: On October 25 via api from US — Scanned from DE
Submission: On October 25 via api from US — Scanned from DE
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Jump to Content Jump to Main Navigation This site uses cookies, tags, and tracking settings to store information that help give you the very best browsing experience. Dismiss this warning Sign in IMF Sites Browse Topics Countries Series Resources About Search * Previous Issue Central Bank Digital Currency's Role in Promoting Financial Inclusion Author: Ashley Lannquist Ashley Lannquist Search for other papers by Ashley Lannquist in Current site Google ScholarClose and Brandon Tan Brandon Tan Search for other papers by Brandon Tan in Current site Google ScholarClose Series: Fintech Notes Volume/Issue: Volume 2023: Issue 011 Language: English Publication Date: 22 Sep 2023 DOI: https://doi.org/10.5089/9798400253331.063 ISBN: 9798400253331 ISSN: 2664-5912 Pages: 37 Keywords: Central bank digital currency; financial inclusion; digital inclusion; digital payments; central bank digital currency's role; IMF Fintech Note 2023/011; IMF Library; publication order; publications service; Central Bank digital currencies; Digital financial services; Payment systems; Global; Sub-Saharan Africa Legal-disclaimer: Fintech Notes offer practical advice from IMF staff members to policymakers on important issues. The views expressed in Fintech Notes are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management. Series: Fintech Notes Volume/Issue: Volume 2023: Issue 011 Language: English Publication Date: 22 Sep 2023 DOI: https://doi.org/10.5089/9798400253331.063 ISBN: 9798400253331 ISSN: 2664-5912 Pages: 37 Keywords: Central bank digital currency; financial inclusion; digital inclusion; digital payments; central bank digital currency's role; IMF Fintech Note 2023/011; IMF Library; publication order; publications service; Central Bank digital currencies; Digital financial services; Payment systems; Global; Sub-Saharan Africa Legal-disclaimer: Fintech Notes offer practical advice from IMF staff members to policymakers on important issues. The views expressed in Fintech Notes are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management. Download PDF (2.6 MB) Download Epub * Abstract/Excerpt * Table of Contents Financial inclusion is a key policy objective that central banks, especially those in emerging and low-income countries, are considering for retail central bank digital currency (CBDC). If properly designed to address the barriers to financial inclusion, CBDCs have the opportunity to gain acceptance by the financially excluded for digital payments. CBDC can then serve as an entry point to the broader formal financial system. CBDC has special aspects that may benefit financial inclusion, such as being a risk-free and widely acceptable form of digital money, availability for offline payments, and potentially lower costs and greater accessibility. However, CBDC is not a panacea to financial inclusion, and additional experience is needed to fully understand its potential impact. 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