Friday, March 29, 2024

China's Central Bank Digital Currency and African Finance

 The South African Institute of International Affairs published in February 2024 a paper titled "China's Central Bank Digital Currency: A New Force in African Finance?" by Lauren A. Johnston. 

The paper sets out the basics of a central bank digital currency (CBDC) and of China's digital currency, the e-CNY, in the African context.  It offers suggestions on areas of debate that might be encouraged to bring the CBDC out of monetary halls and into the arena of public interest debate.