Tag: RBA

The Reserve Bank of Australia (RBA) seems to be prioritizing the development of a wholesale central bank digital currency (CBDC) over a retail version because of the potential economic benefits and reduced complexity for the nation's financial system. RBA Assistant Governor Brad Jones, speaking at the Intersekt Conference on September ...

As central banks worldwide intensify efforts to explore the benefits and issue a central bank digital coin (CBDC) in respective countries, the Reserve Bank of Australia (RBA) has declared that the nation is not yet prepared to issue its own CBDC. According to the RBA, Australia is "years away" from ...