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'Digital euro' consultation out within days, ECB's Lagarde says

By Jack Schickler ( September 21, 2020, 15:10 GMT | Insight) -- A "virtual euro" could be issued by the European Central Bank with a consultation due within a matter of days, its President Christine Lagarde has said. The central bank's digital currency could respond to Covid-19-related demand for an alternative to banknotes and coins and head off the risk of private-sector currency from the likes of Facebook invading a traditional area of government sovereignty, Lagarde said.A digital form of euro will be the subject of a consultation from the European Central Bank within a matter of days, ECB President Christine Lagarde has said. ...

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