{
  "title": "Central bank digital currencies for cross-border payments",
  "publication": "Policy Papers, July 9, 2021",
  "sourceUrl": "https://www.imf.org/en/publications/policy-papers/issues/2021/07/09/central-bank-digital-currencies-for-cross-border-payments-461850",
  "canonical": "https://www.imf.org/en/publications/policy-papers/issues/2021/07/09/central-bank-digital-currencies-for-cross-border-payments-461850",
  "overlayPath": "/en/publications/policy-papers/issues/2021/07/09/central-bank-digital-currencies-for-cross-border-payments-461850/index.md",
  "summary": "The G20 has made enhancing cross-border payments a priority and endorsed a comprehensive programme to address the key challenges.",
  "sections": [
    {
      "heading": "Overview",
      "content": "- Publication date: July 9, 2021\n- Pages: 37\n- Volume: 2021\n- Issue: 048\n- Series: Policy Paper No. 2021/048\n- DOI: https://doi.org/10.5089/9781513589039.007\n- Stock No: PPEA2021048\n- ISBN: 9781513589039\n- ISSN: 2663-3493\n- Subject: Monetary policy, Political economy"
    },
    {
      "heading": "Purpose and scope",
      "content": "- The G20 has made enhancing cross-border payments a priority and endorsed a comprehensive programme to address the key challenges.\n- The report takes stock of the international dimension of central bank digital currency (CBDC) projects and the extent to which they could be used for cross-border payments.\n- The report investigates possible macro-financial implications associated with the cross-border use of CBDCs.\n- The analysis does not imply that central banks mentioned in this report have reached a decision about issuance of a CBDC."
    },
    {
      "heading": "Key findings (as presented)",
      "content": "- Faster, cheaper, more transparent and more inclusive cross-border payment services would deliver widespread benefits for citizens and economies worldwide.\n- Improved cross-border payments would support economic growth, international trade, global development and financial inclusion."
    },
    {
      "heading": "Intended contributions",
      "content": "- Inform policy discussion on the role of CBDCs in enhancing cross-border payments.\n- Provide stocktaking of CBDC projects with an international dimension.\n- Analyze macro-financial implications of cross-border CBDC use.\n\nInternational Monetary Fund, World Bank, and Bank of International Settlements. \"Central bank digital currencies for cross-border payments\", Policy Papers 2021, 048 (2021).\n\n---\n\n Content in this bundle\n\n- Policy Paper\n  - Policy Paper (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Policy Paper (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/policy-papers/issues/2021/07/09/central-bank-digital-currencies-for-cross-border-payments-461850"
    }
  ],
  "bullets": [
    "[Markdown version](/en/publications/policy-papers/issues/2021/07/09/central-bank-digital-currencies-for-cross-border-payments-461850/index.md)",
    "[Structured JSON version](/en/publications/policy-papers/issues/2021/07/09/central-bank-digital-currencies-for-cross-border-payments-461850/index.json)",
    "[Bundle manifest](/en/publications/policy-papers/issues/2021/07/09/central-bank-digital-currencies-for-cross-border-payments-461850/bundle-manifest.json)",
    "Published: July 9, 2021",
    "Series: Policy Papers",
    "DOI: https://doi.org/10.5089/9781513589039.007",
    "Publication date: July 9, 2021",
    "Pages: 37",
    "Volume: 2021",
    "Issue: 048",
    "Series: Policy Paper No. 2021/048",
    "DOI: https://doi.org/10.5089/9781513589039.007",
    "Stock No: PPEA2021048",
    "ISBN: 9781513589039",
    "ISSN: 2663-3493",
    "Subject: Monetary policy, Political economy",
    "The G20 has made enhancing cross-border payments a priority and endorsed a comprehensive programme to address the key challenges.",
    "The report takes stock of the international dimension of central bank digital currency (CBDC) projects and the extent to which they could be used for cross-border payments.",
    "The report investigates possible macro-financial implications associated with the cross-border use of CBDCs.",
    "The analysis does not imply that central banks mentioned in this report have reached a decision about issuance of a CBDC.",
    "Faster, cheaper, more transparent and more inclusive cross-border payment services would deliver widespread benefits for citizens and economies worldwide.",
    "Improved cross-border payments would support economic growth, international trade, global development and financial inclusion.",
    "Inform policy discussion on the role of CBDCs in enhancing cross-border payments.",
    "Provide stocktaking of CBDC projects with an international dimension.",
    "Analyze macro-financial implications of cross-border CBDC use.",
    "**Policy Paper**"
  ],
  "related": [
    {
      "title": "Policy Paper",
      "role": "paper",
      "sourceUrl": "https://www.imf.org/-/media/files/publications/pp/2021/english/ppea2021048.pdf",
      "summary": {
        "path": "/-/media/files/publications/pp/2021/english/ppea2021048.pdf.md",
        "mime": "text/markdown"
      },
      "binary": {
        "path": "/-/media/files/publications/pp/2021/english/ppea2021048.pdf",
        "mime": "application/pdf"
      }
    }
  ],
  "alternates": {
    "markdown": "/en/publications/policy-papers/issues/2021/07/09/central-bank-digital-currencies-for-cross-border-payments-461850/index.md",
    "json": "/en/publications/policy-papers/issues/2021/07/09/central-bank-digital-currencies-for-cross-border-payments-461850/index.json",
    "bundleManifest": "/en/publications/policy-papers/issues/2021/07/09/central-bank-digital-currencies-for-cross-border-payments-461850/bundle-manifest.json"
  },
  "generatedAtUtc": "2026-09-19T01:19:27.912Z"
}