When the world is in flux society looks for stability. Cash as a public good has always been an anchor of trust contributing to a stable economy. By ensuring universal availability and access, central banks can bolster trust in public currency. Innovative and well-designed digital solutions will lead currency management into a dynamic, resilient, and sustainable future.
A digital form of cash, CBDC, can complement coins and banknotes by transferring the benefits of cash to our digital world. The coexistence of cash and CBDCs fosters financial inclusion, provides greater freedom of choice and helps boost trust. Be it by enabling cheaper, faster and more secure cross-border payments or by offering an alternative to the growing use of cryptos in Africa. A CBDC that is diligently designed and implemented could prove an asset, further contributing to the growth of our economies.