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PayDay News | Australian Payments News

RBA explores wholesale CBDC, while a retail option is put on ice for now, report

PayDay News
7 Nov, 2024
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Staff Reporter
PayDay News
7 Nov, 2024
Add us as a preferred source on Google
No clear public interest case to issue a retail central bank digital currency (CBDC) has yet to emerge in Australia, while a wholesale offering is more promising, according to a new report from The Reserve Bank of Australia (RBA) and Treasury.
RBA explores wholesale CBDC, while a retail option is put on ice for now, report
RBA Assistant Governor, Brad Jones, says “RBA and Treasury are committed to reassessing the merits of a retail CBDC over time”. Credit: RBA

No clear public interest case to issue a retail central bank digital currency (CBDC) has yet to emerge in Australia, while a wholesale offering is more promising, according to a new report from The Reserve Bank of Australia (RBA) and Treasury.

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