CEMLA Research Project Launch on Central Bank Digital Currencies (CBDCs)

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In an economic and financial scenario such as the one that is being experienced with the COVID-19 pandemic, an increase in digital transactions is observed, which is why new financial technological developments have been triggered. In this context, it is very important to be at the forefront in central banking issues.

CBDCs have drawn significant attention of the central banking global community. Several Central Banks are already studying, exploring or testing the various design, operation and technology aspects of a CBDC system. As an ongoing process, the CBDC exploration is expected to shed light on important considerations to be learnt, in terms of macro-financial implications. CBDCs could have the potential to enhance the retail payments market by fostering competition and inclusion for the still unbanked population. The pandemic crisis evidenced the importance of having such an instrument to reach the most vulnerable and affected population’s segment that needs emergency and relief funds. Cross-border payments is another topic to explore with CBDCs. For all of the above, it is essential to explore the benefits and challenges of CBDCs in the region.

If your Central Bank is interested in knowing on this research project, you are very welcome to attend this event. All CEMLA members are welcome to actively participate in the project, if you decide to be an active participant as the countries that are already participating, please contact for more details to Dr. Elizabeth Téllez itellez@cemla.org, leader of this research project at CEMLA.