IMF Chief Lagarde Calls for ‘Exploration’ of State-Backed Digital Currencies

Christine Lagarde, managing director and chairwoman of the International Monetary Fund (IMF), has encouraged the exploration of a central bank digital currency (CBDC) in the light of decreasing demand for cash and rising preference for digital money. In a prepared speech for the Singapore Fintech Festival on Wednesday, Lagarde said: “I believe we should consider…

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