IMF Head Says Central Banks Should Look At Issuing Digital Currency

Friday, November 16, 2018

IMF head Christine Lagarde called on central banks to seriously consider issuing digital currency to fill the gap left by the declining use of cash.

The Financial Times, citing comments the head of the IMF made in Singapore, reported Lagarde thinks there could be a role for central banks to aid financial inclusion and prevent instances where “too much power could fall into the hands of a small number of outsized private payment providers.” Lagarde said by embracing digital currencies central banks can supply money to the digital economy.

Photo courtesy of lirneasia.

Source: PYMNTS (link opens in a new window)

cryptocurrency, digital finance, digital payments, fintech, mobile finance