Australia Central Bank Is Keeping Open Mind on Digital Currency
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Australia is keeping an open mind on a central bank digital currency, a senior Reserve Bank official said, while adding it remains to be convinced there’s a case for one in a country with easy financial and cash access.
RBA Assistant Governor Brad Jones laid out the pros and cons of a CBDC in a speech in Sydney on Thursday, saying a digital currency could enhance the resilience of the money and payment systems, particularly as disruptions from extreme weather events become more common.