Focus on cross-border payment systems, not CBDC – Bundesbank

German central bank board member says prioritise “fast and efficient” payment network over digital currency

global networks

Central banks should look to improve cross-border payment systems before contemplating the issue of a central bank digital currency, according to a senior official from the Deutsche Bundesbank.

Speaking in China on November 22, Johannes Beermann, an executive board member of the Bundesbank, evaluated the benefits of both a wholesale and retail central bank digital currency (CBDC).

A retail variant of a CBDC could cause a “paradigm shift” in the economic relationship between households

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: