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Dominican Republic: Assessing the Implications of a retail Central Bank Digital Currency (Phase 1 and 2)
Author:
Anca Paduraru
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,
Marco Gross https://isni.org/isni/0000000404811396 International Monetary Fund

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Paavo A Miettinen
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Karl Driessen
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https://orcid.org/0000-0002-8445-8187
,
Chacon Rey
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Maria Fernanda
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Kristel Poh
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Stephanie Forte
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Victor Budau
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Series:
High-Level Summary Technical Assistance Reports
Volume/Issue:
Volume 2024: Issue 031
Language:
English
Publication Date:
28 Aug 2024
DOI:
https://doi.org/10.5089/9798400286605.029
ISBN:
9798400286605
ISSN:
2959-4103
Pages:
4
Keywords:
CBDC; digital money; macro-financial; legal; payments; digitalization; digital money project; integrity implication; CBDC take-up; CBDC exploration; CBDC policy objective; CBDC project; CBDC design; Central Bank digital currencies
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The mission helped the BCRD to assess a CBDC's potential macro-financial, legal, and financial integrity implications, and shared lessons from other countries' CBDC and digital money projects, technology considerations, practices for stakeholder engagement, and how CBDC can increase financial inclusion, among others. The mission advised the BCRD to continue the exploration of macro-financial implications of a CBDC, conduct the legal framework revisions should a positive decision of CBDC be taken, assess risks to financial integrity once a firmer design choice is made, and build up technology knowledge and capacity meanwhile.
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Cover High-Level Summary Technical Assistance Reports
High-Level Summary Technical Assistance Reports
ISSN:
2957-658X
Publisher:
International Monetary Fund