## Central Bank Digital Currency—Initial Considerations

_Policy Papers, November 14, 2023_

## Source details

**Canonical URL:** [Central Bank Digital Currency—Initial Considerations](https://www.imf.org/en/publications/policy-papers/issues/2023/11/14/central-bank-digital-currency-initial-considerations-541466)

## Other formats

- [Markdown version](/en/publications/policy-papers/issues/2023/11/14/central-bank-digital-currency-initial-considerations-541466/index.md)
- [Structured JSON version](/en/publications/policy-papers/issues/2023/11/14/central-bank-digital-currency-initial-considerations-541466/index.json)
- [Bundle manifest](/en/publications/policy-papers/issues/2023/11/14/central-bank-digital-currency-initial-considerations-541466/bundle-manifest.json)

## Bibliographic details
- Published: November 14, 2023
- Series: Policy Papers
- Volume: 2023
- Pages: 22
- DOI: https://doi.org/10.5089/9798400259210.007

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### Overview
- 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.

### Major Themes and Focus Areas
- Framework to guide countries’ CBDC exploration:
  - Initial considerations and guiding framework for countries exploring CBDC.
- Implications for monetary policy transmission:
  - Assessment of how CBDC may affect monetary policy transmission.
- Implications for capital flow management measures:
  - Consideration of CBDC interactions with capital flow management measures.
- Implications for financial inclusion:
  - Consideration of CBDC impacts on financial inclusion.

### Subject Tags and Keywords
- 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

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## Content in this bundle

- **Policy Paper**
  - [Policy Paper (Markdown version)](/-/media/files/publications/pp/2023/english/ppea2023048.pdf.md){rel="alternate" type="text/markdown"}
  - [Policy Paper (PDF)](/-/media/files/publications/pp/2023/english/ppea2023048.pdf){rel="external" type="application/pdf"}

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_Source: https://www.imf.org/en/publications/policy-papers/issues/2023/11/14/central-bank-digital-currency-initial-considerations-541466_