IMF presents Jordan’s central bank solutions for imposing retail CBDC

IMF affords Jordan’s central bank suggestions for enforcing retail CBDC

The Central Bank of Jordan is closer to its next step toward a retail central bank digital forex (rCBDC) with the completion of an World Monetary Fund technical represent on the nation’s markets. The IMF performed a three-month mission closing year to help the bank with preparations for a CBDC feasibility represent. The IMF launched its represent on Feb. 23.

Working between July and September 2022, the IMF gave the nation’s present retail price market a largely positive overview, calling it effectively integrated. Two non-bank price service providers (PSPs) fill “in general accessible and appropriate product” and the nation has high smartphone penetration, the represent neatly-known.

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