CBDCs are unlikely to be successful

Most money is already digital, and currency has lost its central function, writes former Barbados governor DeLisle Worrell

CBDC

Central bank digital currencies (CBDCs), which are now under consideration by most of the world’s central banks, are being introduced, paradoxically, in a world in which there is no longer any need for currencies of any kind. Since the second half of the last century, most money in modern societies has been in the form of bank deposits rather than currency. Nowadays, all bank deposits are represented as digital records maintained by banks and other deposit-taking institutions. Money used for

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.