Think tank OMFIF has conducted its latest survey on central bank digital currency (CBDC), finding that almost three quarters (72%) of central banks surveyed intend to issue a CBDC. Most of them (48% of respondents) plan to issue within five years, including 12% within the next two years.
All the near term issuances will be in emerging market economies.
The survey rarely differentiated between retail CBDCs that target consumers, versus wholesale CBDC aimed only at institutions. The work involved in issuing a wholesale CBDC is considerably less because it’s not a major step change – banks already have central bank reserves, this is simply a version with new technology.
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