Express
CBN Deputy Governor Believes CBDC Will Strengthen the Stability of the Banking System
Summary: “I am of the opinion that CBDC will strengthen the stability of the banking system even as deposits become more diversified when more people are banked,” Folashodun Shonubi, CBN deputy governor, operations directorate, said at the Chartered Institute of Bankers of Nigeria (CIBN) Advocacy Dialogue Series 4, on Thursday in Lagos. Shonubi said nations were ...
“I am of the opinion that CBDC will strengthen the stability of the banking system even as deposits become more diversified when more people are banked,” Folashodun Shonubi, CBN deputy governor, operations directorate, said at the Chartered Institute of Bankers of Nigeria (CIBN) Advocacy Dialogue Series 4, on Thursday in Lagos.
Shonubi said nations were embracing the opportunities that the Central Bank Digital Currency (CBDC) presents for financial inclusion across the globe. He said, “More retail payments may assume real-time features, thereby requiring banks to strengthen their operational capacity to effectively harness the opportunity.”
By Amy Liu
Tags: Bank,CBDC,Nigeria
Link: CBN Deputy Governor Believes CBDC Will Strengthen the Stability of the Banking System [Copy]
