Central banks should collaborate on multicurrency CBDC – research

Lithuania’s central bank notes national CBDC projects will not solve global payment inefficiencies

CBDC - bank digital currency - Getty
United approach needed: central banks have begun researching the potential of CBDCs

A co-ordinated approach from central banks is needed to understand the potential of a multicurrency central bank digital currency (CBDC), research from the Central Bank of Lithuania claims.

In an extensive report detailing the progress of CBDC development around the world, the Baltic central bank says the “little-researched idea” of a multi-currency CBDC “deserves more consideration”.

“Multi-currency CBDC would help to avoid the danger of ‘digital dollarisation’ and a race among central banks,

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