Central bank digital currencies in Africa
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.