How G20 Central Bank Digital Currencies Are Progressing

Central bank digital currency has become a hot topic among finance ministers and central bankers worldwide, with some G20 countries ahead of the rest on work done toward issuing their own digital currencies. Experts have weighed in on their expectations of when the first G20 digital currency will be introduced.

Also read: Central Banks Worldwide Testing Their Own Digital Currencies

When Will a G20 Central Bank Issue a Digital Currency?

Central bank governors and finance ministers of many G20 countries have been working on their own central bank digital currencies (CBDCs), particularly in response to Facebook’s planned Libra coin. Mark Cliffe, chief economist and head of global research at ING Group, expects to see the first G20 central bank digital currency soon. In a blog post published Friday, he wrote:

When might we see a fully-fledged digital currency from a G20 central bank? … they’ll be making moves towards just that in the next two to three…