Policy drivers for a retail CBDC

Written by Jannah Patchay Executive Director and Policy Lead at the Digital Pound Foundation (DPF)

Central bank digital currencies (CBDCs) - a digital form of central bank-issued fiat currency - have seen an explosive growth in interest over the past four years.  At the start of 2023, 114 countries, representing 95% of global GDP, are currently exploring CBDCs, of which 60 are in an advanced stage of development, pilot or launch, with 11 having fully…