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Economics

The Role of Central Bank Digital Currencies in Monetary Policy

Quick fact

Many central banks, like the Federal Reserve, are exploring the idea of a 'digital dollar' – though no major economy has launched one yet. Sweden's Riksbank is a frontrunner with its e-krona pilot.

Why this is interesting

You've probably heard of Bitcoin and other cryptocurrencies, but what if the government itself created a digital currency? Imagine being able to send money instantly, with no bank fees, and with the full backing of your country's central bank — how would that change the economy?