Banking and Capital Markets

Exploring and piloting digital currencies is becoming more popular amongst African central banks, but why?

Nigeria was the second country after the Bahamas to roll out a CBDC. Image: Unsplash/James Wiseman

Habtamu Fuje
Economist in the Africa Department, IMF
Saad Quayyum
Economist in the Strategy, Policy and Review Department, IMF
Franck Ouattara
Research Analyst in the Regional Studies Division, IMF
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Countries have different motives for issuing CBDCs but for the region there are some potentially important benefits.
Countries have different motives for issuing CBDCs but for the region there are some potentially important benefits. Image: IMF/Central Bank Digital Currencies Tracker (cbdctracker.org)

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Related topics:
Banking and Capital MarketsAfricaThe Digital Economy
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