Look at Issuing Digital Currency, IMF Head Tells Central Banks

Central banks should look seriously at issuing digital currency in order to “fill the void left by the decline of cash”, according to the head of the IMF.

Christine Lagarde said in Singapore on Wednesday that there could be a role for the state to supply money to the digital economy to aid financial inclusion and avoid a situation where “too much power could fall into the hands of a small number of outsized private payment providers”.