Central Bank Digital Currency
Central bank digital currency (CBDC) is a topic that has gained traction in recent times with many central banks and
policymakers across the world at various stages of research on the economic and technical feasibility of a digital
form of money that would serve as a legal tender in their various economies and what impact it would have on
monetary policy. Some of the countries experimenting on CBDCs include China (Digital yuan), Sweden (e-krona),
Bahamas (Sand Dollar), Eastern Caribbean Area (DXCD), Ghana (e-cedi), and Nigeria (e-naira).