Economy & Business

The Digital Dollar

Why Central Banks Are Racing to Create Digital Currencies — and What It Means for Money

Christine Lagarde

Christine Lagarde is the President of the European Central Bank and former Managing Director of the International Monetary Fund. She is one of the most influential figures in global finance.

March 2, 2026·7 min read

The Digital Dollar

More than 100 countries are exploring central bank digital currencies (CBDCs) — digital versions of national currencies issued by central banks. CBDCs could transform the financial system, making payments faster and cheaper, expanding financial inclusion, and giving central banks new tools for monetary policy. But they also raise serious concerns about privacy and financial surveillance.

TOPICS

CBDCdigital currencycentral bankfintechmonetary policy

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