Davos 2023: CBDCs Are the Future of Central Bank Money but They Are Still Not Ready

Davos 2023: CBDCs Are the Future of Central Bank Money but They Are Still Not Ready


A World Economic Forum (WEF) panel comprised of central bankers and global tech providers has profiled central bank digital currencies (CBDCs) as the future of central bank money, presenting them as one of the solutions for limitations in the payments sector today. However, they have also stated these present several limitations still to be addressed.

WEF Panel Explains Advantages of CBDCs

A central bank digital currency panel, part of the World Economic Forum (WEF) Davos meetings, stressed it has high expectations for central bank digital currencies (CBDCs) as part of the future of central bank money.

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The panel, consisting of central bankers like Julio Velarde, governor of the Central Bank of Peru, Lesetja Kganyago, governor of the South African Reserve Bank, and Amir Yaron,
governor of

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