Big League Politics By
Kristalina Georgieva, managing director of the International Monetary Fund, stated last week that there should be more adoption of central bank digital currencies (CBDCs) allegedly to help developing populations throughout the world.
“CBDCs can replace cash which is costly to distribute in island economies,” Georgieva said Wednesday while appearing at the Singapore FinTech Festival. “They can offer resilience in more advanced economies. And they can improve financial inclusion where few hold bank accounts.”
“CBDCs would offer a safe and low-cost alternative [to cash]. They would also offer a bridge to go between private monies and a yardstick to measure their value, just like cash today which we can withdraw from our banks,” she added.
Georgieva stated that 60 percent of the world are currently considering adopting CBDCs right now…
