19
Feb
Niel Terblanche The International Monetary Fund (IMF) has advised Namibia against issuing a retail central bank digital currency (CBDC). A mission from the IMF visited Namibia in January, and in a recent report, it advised against pursuing a sovereign digital currency for retail consumers. The IMF recommended that the Bank of Namibia focus on promoting existing payment improvements. “As the mission did not find strong support for rCBDC issuance to address gaps in payments, it recommends against pursuing advanced technological exploration beyond proof-of-concept until tangible benefits of CBDC for payments are evident,” the report says. BoN has been exploring a…
