The International Monetary Fund chief economist Gita Gopinath said in a panel discussion at the annual World Economic Forum (WEF) in Davos that Facebook’s Libra was a major trigger that made people reconsider the status of the dollar as the reserve currency of the world. Brazil's Economy Minister Paulo Guedes, who was also a part of the panel, said that “the Libra episode is just evoking a future digital currency.”
In order to help policymakers understand the central bank digital currency (CBDC) better, the WEF in collaboration with some of the world's major central banks and experts from over 40 institutions have created the CBDC Policy‑Maker Toolkit. This will help the central banks understand the pros and cons of a CBDC and guide them through its design.
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