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Don’t turn your backs on central bank digital currencies, IMF's Georgieva says

By Jet Damazo-Santos ( November 15, 2023, 06:03 GMT | Insight) -- Explorers of central bank digital currencies should stay the course despite so much uncertainty, because the potential financial inclusion payoff is clear, International Monetary Fund Managing Director Kristalina Georgieva has told a fintech conference in Singapore. But at the same time the European Commission says there’s no need to rush, with the bloc’s financial services commissioner, Mairead McGuinness, urging decisionmakers to take their time “to consider everything.”The International Monetary Fund is rallying innovative explorers of central bank digital currencies, or CBDCs, to stay the course despite so much uncertainty....

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