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Home Latest News People Christine Lagarde invites public commentaries on eurozone central bank digital currency (CBDC).

Christine Lagarde invites public commentaries on eurozone central bank digital currency (CBDC).

According to cointelegraph.com on November 1st. 2020, In a Twitter on Sunday, Christine Lagarde, current President of the European Central Bank and former Managing Director of the IMF, invited public commentary on a potential eurozone central bank digital currency (CBDC).

Christine Lagarde said in a video from the thread;

“We are still in the review and considerations stage, but we’ve just launched a public consultation so that consumers and Europeans can actually express their preference and tell us whether they would be happy to use a digital Euro just in the way they use a Euro coin or a Euro banknote knowing that it is central bank money that is available and that they can rely upon,”

Among the topics discussed were the impact of the Coronavirus and how the ECB responded, the importance of examining how bank policy could combat climate change, and how cryptocurrencies might better suit modern lifestyle choices on the part of Europeans.

 “As Europeans are increasingly turning to digital in the ways they spend, save and invest, we should be prepared to issue a digital euro, if needed,” Lagarde wrote.

The Tweet also linked to a survey form where the chief banker invited Europeans to share their thoughts.

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