Digital money could boost Pacific island economies – IMF research
Loss of correspondent banking relationships may be offset by digital money infrastructure
Digital money infrastructure could improve Pacific island economies, but comes with major risks as well, researchers with the International Monetary Fund (IMF) find in a new study.
Even in countries with a national currency, the authors say jurisdictions will be unlikely to implement a central bank digital currency (CBDC) in either the short or medium term. Theyrecommend that countries build regional joint infrastructure and knowledge-sharing practices, to deal with the rise of private forms of
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