- Central banks must issue currency and supervise wholesale and retail digital payments to ensure financial stability, stable pricing, and safe and efficient payments.
- With a greater reliance on the private sector for payments and money production, central banks are stepping up their efforts to develop an alternative to cash, possibly re-establishing their role in the money production and payments eco-system by developing something other than just money as a means of payment, such as a digital version of cash with value-added features.
Read More: Is digital money better than paper money?
