IMF Pushes Global Central Bank Digital Currency Platform as Cashless Trend Gains Momentum

IMF Pushes Global Central Bank Digital Currency Platform as Cashless Trend Gains Momentum
IMF Managing Director Kristalina Georgieva speaks during a panel discussion at a summit in Glasgow, Scotland, on Nov. 3, 2021. Daniel Leal/AFP via Getty Images
Tom Ozimek
Updated:
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The International Monetary Fund (IMF) is working on a platform that would allow various central bank digital currencies (CBDC) to interoperate on a global scale, Managing Director Kristalina Georgieva told participants at a conference.

“CBDCs should not be fragmented national propositions ... To have more efficient and fairer transactions, we need systems that connect countries—we need interoperability,” Georgieva said in Rabat, Morocco, on June 19.

Tom Ozimek
Tom Ozimek
Reporter
Tom Ozimek is a senior reporter for The Epoch Times. He has a broad background in journalism, deposit insurance, marketing and communications, and adult education.
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