CBDC development pushed into ‘top gear’ by Covid – policy-makers

Benoît Cœuré
Benoît Cœuré

The Covid-19 pandemic will be the ultimate accelerator towards a functioning central bank digital currency, according to current and former central bank policy-makers.

Speaking on a panel organised by the London School of Economics and Centre for Economic Policy Research on June 11, Benoît Cœuré said the pandemic will be remembered by economic historians as “the event which pushed CBDC development into top gear”.

“There is little evidence that cash transmits the virus, but Covid-19 has caused

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

If you already have an account, please sign in here.

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