IMF affords Jordan’s central financial institution suggestions for implementing retail CBDC By Cointelegraph


The Central Financial institution of Jordan is nearer to its subsequent step towards a retail central financial institution digital forex (rCBDC) with the completion of an Worldwide Financial Fund technical report on the nation’s markets. The IMF performed a three-month mission final 12 months to help the financial institution with preparations for a CBDC feasibility report. The IMF launched its report on Feb. 23.

Working between July and September 2022, the IMF gave the nation’s present retail fee market a largely constructive evaluate, calling it nicely built-in. Two non-bank fee service suppliers (PSPs) have “usually accessible and acceptable product” and the nation has excessive smartphone penetration, the report famous.