Agustín Carstens on the Central Bank Digital Currency (CBDC)

2 years ago
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Agustín Guillermo Carstens Carstens is a Mexican economist who serves as the general manager of the Bank for International Settlements since 1 December 2017. He served as governor of the Bank of Mexico from 1 January 2010 to 30 November 2017. In 2011, Carstens, along with Christine Lagarde, was one of the two final candidates to become the managing director of the International Monetary Fund. He previously served as secretary of finance in the cabinet of Felipe Calderón (2006–09), as deputy managing director of the International Monetary Fund (2003–06) and as treasurer of the Bank of Mexico. In 2011 he was included in the 50 Most Influential ranking of Bloomberg Markets Magazine. Carstens took up his appointment as the general manager at the Bank for International Settlements in Basel, Switzerland, where he was appointed to a five-year term, starting on 1 December 2017.

https://en.wikipedia.org/wiki/Agust%C3%ADn_Carstens

Central bank digital currencies are digital tokens, similar to cryptocurrency, issued by a central bank. They are pegged to the value of that country's fiat currency. Many countries are developing CBDCs, and some have even implemented them. Because so many countries are researching ways to transition to digital currencies, it's important to understand what they are and what they mean for society.

https://www.investopedia.com/terms/c/central-bank-digital-currency-cbdc.asp

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