BdF paper looks at digital currency and remuneration

Remuneration is key consideration for design of central bank-issued digital currencies, paper argues

digital-landscape

A working paper published by the Banque de France looks at retail and wholesale central bank digital currencies (CBDCs), or RCBDCs and WCBDCs.

In Central bank digital currency: one, two or none? Christian Pfister examines why and how they could be issued, and what the consequences might be.

Wholesale CBDCs might be issued either to promote financial innovation or to lower transactions costs, he notes. Retail CBDCs might aim to provide public access to a cheap, easily accessible digitalised

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