BdF paper looks at digital currency and remuneration

Remuneration is key consideration for design of central bank-issued digital currencies, paper argues


A working paper published by the Banque de France looks at retail and wholesale central bank digital currencies (CBDCs), or RCBDCs and WCBDCs.

In Central bank digital currency: one, two or none? Christian Pfister examines why and how they could be issued, and what the consequences might be.

Wholesale CBDCs might be issued either to promote financial innovation or to lower transactions costs, he notes. Retail CBDCs might aim to provide public access to a cheap, easily accessible digitalised

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact customer services -, or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a FX Markets account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: