IMF affords Jordan’s central financial institution suggestions for implementing retail CBDC

The Central Financial institution of Jordan is nearer to its subsequent step towards a retail central financial institution digital forex (rCBDC) with the completion of an Worldwide Financial Fund technical report on the nation’s markets. The IMF carried out a three-month mission final 12 months to help the financial institution with preparations for a CBDC feasibility report. The IMF launched its report on Feb. 23.

Working between July and September 2022, the IMF gave the nation’s current retail cost market a largely constructive evaluate, calling it nicely built-in. Two non-bank cost service suppliers (PSPs) have “usually accessible and applicable product” and the nation has excessive smartphone penetration, the report famous.

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