sCBDC

Tao Zhang, the Deputy Managing Director of the International Monetary Fund (IMF), has voiced his perspective on a central bank digital currency (CBDC). Zhang spoke about CBDC after assessing its merits and demerits during a keynote speech at the London School of Economics. Benefits and Demerits The deputy managing director's major highlight of the CBDC's benefits was its efficiency and lower costs. Several nations experience high costs of currency management with lower access to payment systems in rural and poor…