Policy Papers

Central Bank Digital Currency—Initial Considerations

November 14, 2023

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Format: Chicago

International Monetary Fund. Monetary and Capital Markets Department, International Monetary Fund. Legal Dept., and International Monetary Fund. Research Dept. "Central Bank Digital Currency—Initial Considerations", Policy Papers 2023, 048 (2023), accessed 12/6/2025, https://doi.org/10.5089/9798400259210.007

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Summary

The paper briefs the Executive Board on the initial considerations on CBDC. These cover a framework to guide countries’ CBDC exploration, as well as implications for monetary policy transmission, capital flow management measures, and financial inclusion.

Subject: Central Bank digital currencies, Central bank mandate, Central banks, Financial inclusion, Financial markets, Monetary base, Monetary policy, Money, Payment systems, Political economy, Technology

Keywords: capacity development, CBDC design, CBDC Fintech Notes, CBDC handbook, Central Bank digital currencies, Central bank digital currency, Central bank mandate, collaboration, Financial inclusion, Global, Handbook, handbook chapter, IMF Fintech Notes, initial considerations, Monetary base, Payment systems, transparency policy