Jurisdictions Where Retail CBDC Is Being Explored

102 central banks have recently issued, piloted, experimented with and/or researched retail central bank digital currency (CBDC) not including two that started issuing retail CBDC and then shut the platforms down (Ecuador and Finland). That’s up one since my end-March update (Ethiopia reportedly commencing research). Also I’ve “demoted” Hong Kong from “pilot” to “proof of concept”, since they’re only experimenting with “hypothetical” CBDC and it’s unclear whether there were actual live users involved.

Keep in mind that I don’t count all of the individual national central banks that are part of currency unions (e.g., the European or Eastern Caribbean Currency Unions). If I did the tally would be around the oft-quoted 130+ central banks. If I’m missing anything, or you find mistakes in the tabulation, please let me know in the comments!