Norges Bank has said it is “too early” to decide whether to launch a central bank digital currency (CBDC), given unanswered questions about the design and purpose of its introduction.
But the Norwegian central bank has not ruled it out.
“Norges Bank will continue to issue cash as long as there is demand for it,” governor Øystein Olsen said in a forward to a report published this month.
“But when cash usage declines, a CBDC can be an alternative to deposit money. The primary purpose of a CBDC