deposit 5000
slot deposit 5000
slot gacor situs toto
togel online
toto 4d
situs slot toto 4ddemo slot gacorslot 88
slot gacor slot gacor
slot gacor
brenjitu
slot gacor
situs toto
situs toto
SITUS TOTO
situs toto
TOTO 4D
SITUS TOTO 4D
SLOT GACOR
https://booking.embuni.ac.ke/live-draw-sydney-hongkong
TOTO 4D
toto togel
slot online
slot gacor
slot gacor
slot pulsa
hongkong lotto
slot gacor
brenjitu
slot pragmatic
situs bola
situs gacor
situs toto
situs slot gacor
slot 4d

IMF director warns against retail e-currencies

Oluwanifemi Ojo
Oluwanifemi Ojo
International Monetary Fund

The Managing Director of the International Monetary Fund, Kristalina Georgieva, has expressed her concerns about the potential risks associated with retail central bank digital currencies.

In an interview at the Milken Institute’s 2023 Global Conference on May 1, Georgieva stated that retail CBDCs could have far more room for error than wholesale CBDCs. She explained that wholesale CBDCs are less risky as they are designed to allow financial institutions to carry reserve deposits with a central bank.

As stated in a Cointelegraph report, retail CBDCs are virtual currencies backed by governments and issued by central banks for use by the general public and companies. In contrast, wholesale CBDCs are also issued by central banks but are intended to enable financial institutions to hold reserve deposits with a central bank.

Retail CBDCs, on the other hand, “completely transform the financial system in a way that we don’t quite know what consequences it could bring,” she said.

According to the MD, IMF is collaborating with around 50 countries to ensure that best practices are adopted in CBDC design and implementation.

Meanwhile, Nigeria became one of the first countries to develop a central bank digital currency that is available to the public with the introduction of the eNaira on October 25, 2021. The eNaira is a digital currency denominated in naira that serves as a medium of exchange and a store of value.

According to the Governor of the Central Bank of Nigeria, Godwin Emefiele, 33 banks were successfully integrated into the eNaira network, with the apex bank minting N500m for the currency’s inauguration.

The regulator issued N200m to financial institutions, and over 2,000 customers were onboarded at the time of the launch.

The Punch reported on March 31, 2023, that eNaira transactions hit about N1.4m, and the CBN governor disclosed that the team took advantage of COVID-19 and other developments in-country to drive the electronic payment channels.

It was also reported that eNaira platform is now accessible to a wide range of users, and over 583,000 people have downloaded the consumer wallet, while the merchant wallet had 83,000 downloads from over 160 countries.


TAGGED: , ,
Share this Article
Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

situs totoslot thailand situs totoslot gacor situs toto slot online situs toto demo slot gacor situs slot gacorsitus 4d situs totoslot gacorslot gacorslot gacorslot gacorslot gacor
slot gacor
slot gacor situs toto
togel online
toto 4d
situs slot slot demo pgslot 88
slot gacor slot gacor
slot gacor
brenjitu
situs toto
situs toto
SITUS TOTO
toto macau 4d
TOTO 4D
SITUS TOTO 4D
SLOT GACOR
https://booking.embuni.ac.ke/live-draw-sydney-hongkong
TOTO 4D
toto togel
slot online
slot gacor
slot pulsa
hongkong lotto
slot gacor
slot gacor
slot pragmatic
situs bola
situs gacor
situs toto
situs slot gacor
situs totoslot gacordemo slot situs slot gacor
slot66
slot gacor
situs slot gacor
slot gacor
scatter hitam
scatter hitam
slot gacor scatter hitam
scatter hitam
situs slot gacor pulsa
situs baru slot gacor

Hacklinkgrandpashabet
grandpashabet
Deneme Bonusu Veren Siteler
meritking
setrabet
Hair Transplant istanbul
da pa kontrolü
casibom
güvenilir bahis siteleri
Vozol Puff
iqos terea
instagram takipçi
takipçi
antalya escort
ankara escort
bursa escort
izmit escort
viagra
deneme bonusu veren siteler
deneme bonusu veren siteler
deneme bonusu 2024
deneme bonusu veren siteler
deneme bonusu veren siteler
deneme bonusu veren siteler
deneme bonusu veren siteler
betnano giriş
bahçelievler nakliyat
istanbul evden eve nakliyat
istanbul bahçelievler evden eve nakliyat
hair transplant
Gebze Escort
casibom mobil
casibom güncel
ligobet girişfixbet girişSahabetligobet girişfixbet girişSahabet
?>

Hacklinkgrandpashabet
grandpashabet
Deneme Bonusu Veren Siteler
meritking
setrabet
Hair Transplant istanbul
da pa kontrolü
casibom
güvenilir bahis siteleri
Vozol Puff
iqos terea
instagram takipçi
takipçi
antalya escort
ankara escort
bursa escort
izmit escort
viagra
deneme bonusu veren siteler
deneme bonusu veren siteler
deneme bonusu 2024
deneme bonusu veren siteler
deneme bonusu veren siteler
deneme bonusu veren siteler
deneme bonusu veren siteler
betnano giriş
bahçelievler nakliyat
istanbul evden eve nakliyat
istanbul bahçelievler evden eve nakliyat
hair transplant
Gebze Escort
casibom mobil
casibom güncel
ligobet girişfixbet girişSahabetligobet girişfixbet girişSahabet
Hacklinkbetsat
betsat
betsat
holiganbet
holiganbet
holiganbet
Jojobet giriş
Jojobet giriş
Jojobet giriş
casibom giriş
casibom giriş
casibom giriş
xbet
xbet
xbet
grandpashabet
grandpashabet
grandpashabet
tuzla evden eve nakliyat
İzmir psikoloji
creative news
Digital marketing
radio kalasin
radinongkhai
gebze escort
grandpashabet
grandpashabet
casibom güncel giriş
casibom
bets10 güncel giriş
jojobet
sultanbeyli çekici
beylikdüzü escort
setrabet
deneme bonusu veren siteler
deneme bonusu veren siteler
deneme bonusu veren siteler
deneme bonusu veren siteler
deneme bonusu veren siteler
deneme bonusu veren siteler
deneme bonusu veren siteler
instagram followers buy
casinolevant
betnano giriş
casibom giriş
casibom
casibom
Meritking
meritking
deneme bonusu veren siteler 2024
casibom