Peru: Central Bank Digital Currency Stakeholder Engagement

High-Level Summary Technical Assistance Reports, November 3, 2023

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Peru: Central Bank Digital Currency Stakeholder Engagement

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Bibliographic details

• Authors: Arif Ismail, Elad Meshulam, Sally Toms, Hervé Tourpe
• Published: November 3, 2023
• Series: High-Level Summary Technical Assistance Reports
• DOI: https://doi.org/10.5089/9798400259197.029

Mission objectives and context

• Third engagement with the Central Bank of Peru (BCRP) on CBDC capacity building.
• Aim: enhancing BCRP staff capacity for engaging directly with key stakeholders on strategic and policy matters regarding Central Bank Digital Currency (CBDC).
• Built on ongoing virtual support and prior interactions.

Mission activities (June 2023)

• IMF mission visited Peru in June 2023.
• Assisted the BCRP to deliver a CBDC white paper.
• Delivered a survey to gauge reactions to a proposed CBDC.
• Delivered an operating manual for guidance when considering innovation challenges as potential modalities for CBDC concept development.
• On request of the BCRP, a physical mission worked with the BCRP to host an inaugural industry-wide stakeholder engagement on CBDC between June 19 and June 23, 2023.

Key outcomes and findings

• The inaugural industry-wide stakeholder engagement marked a significant milestone for the BCRP, facilitating a candid assessment of stakeholder support for CBDC.
• Nine recommendations along three strategic themes surfaced from the robust and dynamic interactions.
• Subject areas covered: International organization, Monetary policy.
• Keywords: Central Bank, Central Bank Digital Currency (CBDC), Cross-border Payments, Digital Money, Payments System, Securities Settlement, Wholesale Payments.

Publication metadata (selection)

• Pages: 4
• Volume: 2023
• Issue: 016
• Series: High Level Summary Technical Assistance Report No. 2023/016
• DOI: https://doi.org/10.5089/9798400259197.029
• Stock No: HLSEA2023016
• ISBN: 9798400259197
• ISSN: 2959-4103
• Authors: Arif Ismail, Elad Meshulam, Sally Toms, Hervé Tourpe
• Publication date: November 3, 2023

Peru: Central Bank Digital Currency Stakeholder Engagement, High Level Summary Technical Assistance Report No. 2023/016 (IMF, November 3, 2023).

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