Bank of Uganda Exploring a Central Bank Digital Currency (CBDC)
The Bank of Uganda is exploring issuing central bank digital currency (CBDC) with key questions revolving around the rationale, for example “what issues it is going to help resolve.” [Watch here]
Central Bank of the Bahamas completes Sand Dollar’s link to automated clearing house
The Central Bank of The Bahamas has now completed its integration of the Sand Dollar with the Bahamas Automated Clearing House (BACH) system, opening the door for Sand Dollar to now be transferred from a digital wallet to any deposit account at a local commercial bank. Sand Dollar users simply pair their mobile wallets to a deposit account and carry out transfers. [Read more]
The Central Bank of Uruguay Publishes Two CBDC-Related Papers
The Central Bank of Uruguay (BCU) published two new CBDC research papers by Adolfo Sarmiento. The first paper shares seven key lessons from the BCU’s 2017/18 e-Peso pilot, highlighting that CBDC design choices are not only based on technical considerations, but also on cultural implications of the use of money. [Download here] The second paper uses an ecological approach, finding that spatial and temporal scales of disturbance best describe the financial stability effects. [Download here]
