G20 report on central bank digital currencies and cross-border payments

News BIS-CPMI, BIS Innovation Hub, the World Bank and the IMF have at the request of the G20 written a report investigating whether central bank digital currencies can facilitate access to fast and easily accessible cross-border and cross-currency payments.

The work on producing the report was led by First Deputy Governor Cecilia Skingsley. The conclusions in the report are that cross-border and cross-currency payments can be facilitated on condition that countries cooperate on issues such as interoperability, regulations and which macrofinancial consequences might arise if countries introduce central bank digital currencies.

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Updated 09/07/2021