Sunday, 01 August 2021
 The Asian Banker Online Publication

The Asian Banker Publication will be fully digital from January 2021. The December 2020, issue no. 172, is the last print issue.

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Issue No 174

The central bank digital currency disruption has arrived!

Central bank digital currency (CBDC) is already a reality. The Central Bank of the Bahamas has the distinction of launching the world’s first CBDC, the Sand Dollar, in October 2020. China is perhaps most advanced in the preparation for the retail application of its CBDC, the digital RMB. While CBDC trials and implementations so far focused on domestic and mainly retail use, they have the potential to enhance the efficiency of cross-border payments.


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