Central Banking

Digital currencies could transform the role of central banks – Chilean governor

Central Bank of Chile
Central Bank of Chile
Photo: Central Bank of Chile/Wikimedia Commons

Central bank digital currencies (CBDCs) have the potential to revolutionise the role of central banks, from institutions at the top of tiered liquidity systems to massive retailers, the governor of the Central Bank of Chile says.

“CBDC seems to lead inevitably to the replacement of the classical role of central banks,” Mario Marcel says. He envisages a situation where central banks take deposits from retail customers and make loans.

For the Chilean governor, digital currencies offer several

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