Central bank digital currencies in Africa

Policy Reports

Author: Bank for International Settlements

This paper, based on a survey to central banks, analyses the development, motivations and concerns of central bank digital currencies (CBDCs) in Africa relative to other emerging and developing regions.

Like their peers, a key motivation for African central banks is achieving greater payment system efficiency. Central banks in Africa also place more emphasis on financial inclusion. These factors could foster CBDC issuance and favour the adoption.