IMF presents 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 foreign money (rCBDC) with the completion of an Worldwide Financial Fund technical report on the nation’s markets. The IMF performed a three-month mission final yr 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 fee market a largely constructive evaluation, calling it nicely built-in. Two non-bank fee service suppliers (PSPs) have “typically accessible and applicable product” and the nation has excessive smartphone penetration, the report famous.

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