The body had said in September that it would define at the beginning of this year the eventual issuance of a “Digital weight” and created a high-level group to guide its medium-term strategy on means of payment.
Through a report, the institute said the currency (MDBC) “would allow the benefits associated with digital transformation to be enhanced, while mitigating some of its risks. In particular, a MDBC could contribute to the development of a more competitive payment system, innovative, integrated, inclusive and resilient”.
“However, the report concludes that a final decision on this requires a more in-depth analysis of its costs and benefits, as well as a more complete comparison with other policy alternatives that address the same challenges,” he added in the presentation statement. .
He stressed that the design must prevent negative impacts on the functioning of the financial system and on the transmission of monetary policy, as well as challenges in technological and institutional terms.
The Bank will hold seminars with specialists and workshops with actors from the public and private financial system, and will publish a new report towards the end of this year.
The agency also pointed out that “it is necessary to start working now on building capacities within the Bank and moving forward in the development of specific projects that allow different designs to be tested.”
Source: Ambito
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