Status : Research
Usecase : Retail, Wholesale
Peru’s central bank, the Central Reserve Bank of Peru (BCRP), is currently researching the development of a Central Bank Digital Currency (CBDC). They are collaborating with the central banks of India, Singapore, and Hong Kong on this project. The BCRP released a report in April 2023, emphasizing the importance of launching a digital currency to enhance monetary and financial stability. The motivation behind this initiative is to promote financial inclusion and achieve greater macroeconomic stability through more effective monetary policy. The BCRP received technical assistance from the International Monetary Fund in creating their report.
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