Central Bank Digital Currency - Initial Considerations

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Mid- to senior-level officials working in the payment, legal, technology/innovation, monetary policy, and financial stability departments at the central bank or in positions with similar responsibilities who are, or will be, interacting with work on central bank digital currencies in their jurisdiction or in international settings.

Basic understanding of economics.
Direct experience in the operations, policymaking, and/or oversight in one or more of: payments, legal, technology/innovation, monetary policy, and financial stability.

Presented by the Monetary and Capital Markets Department (MCM).
Interactive format combining lectures, case study simulations, and group discussions.
Lectures cover:
- Initial considerations for CBDC including its positioning with existing payment systems.
- Project management for CBDC research and development (R&D).
- Cybersecurity risks.
- Macro-financial implications including monetary policy transmission, monetary operations, and financial stability.
- Factors influencing CBDC adoption.
- Data use/privacy protection.
- Cross-border arrangements for CBDC.
The course draws from the IMF's CBDC virtual Handbook chapters as a foundational resource for policymakers and experts in central banks and ministries of finance.

Understand the fundamental concepts and mechanics of CBDC operations from an economic perspective.
Understand cybersecurity risks, macro-financial implications, adoption factors, data use/privacy protection, and cross-border arrangements for CBDC use.
Gain insights into global CBDC developments and how CBDC compares with other money and payment innovations.
Learn about project management and R&D best practices for CBDC initiatives and emphasize dynamic decision-making frameworks.