The Central Bank of T&T is actively looking at the feasibility of issuing a digital currency

here.

“With regards to CBDC (Central Bank Digital Currency), the Central Bank continues to be
open but cautious and pragmatic in its approach. In 2020, the Central Bank conducted
preliminary research into the feasibility of issuing a local CBDC and is furthering its due
diligence study in 2021 with the assistance of the IMF whilst focusing on strengthening the
broader framework for payments via key channels (such as legislation and infrastructure),”
the Central Bank stated in its recently published Financial Stability Report 2020.

A CBDC is a digital form of fiat money, which according to the Financial Stability Report
2020, is a “safe, neutral and ultimate settlement medium that can extinguish all claims in a
transaction.”

The Central Bank said in 2019, monetary authorities took serious note of Facebook’s
announcement of its stablecoin, formerly called the Libra, and began giving more active
considerations to CBDC in order to preclude the adverse impacts on monetary and financial
stability of private sector digital currencies.

“To date, several jurisdictions have completed pilots and are in advanced stages of CBDC
research and distribution,” the Central Bank stated.

The Central Bank stated that “the threat of losing monetary sovereignty, inter alia, has
compelled regulators to consider issuing CBDC.”

“For some, diminishing cash use, costly and lengthy payment transactions, tax evasion, and
financial inclusion are key reasons for issuing digital fiat. According to the literature, the
main benefits for regulators of a well-designed CBDC are improved operational efficiency
and prudential surveillance, reduced financial exclusion and enhanced macro-financial
supervision, which address some of the issues created by traditional forms of money,” it
stated. The Central Bank of T&T is actively looking at the feasibility of issuing a digital
currency here.

“With regards to CBDC (Central Bank Digital Currency), the Central Bank continues to be
open but cautious and pragmatic in its approach. In 2020, the Central Bank conducted
preliminary research into the feasibility of issuing a local CBDC and is furthering its due
diligence study in 2021 with the assistance of the IMF whilst focusing on strengthening the
broader framework for payments via key channels (such as legislation and infrastructure),”
the Central Bank stated in its recently published Financial Stability Report 2020.

A CBDC is a digital form of fiat money, which according to the Financial Stability Report
2020, is a “safe, neutral and ultimate settlement medium that can extinguish all claims in a
transaction.”

The Central Bank said in 2019, monetary authorities took serious note of Facebook’s
announcement of its stablecoin, formerly called the Libra, and began giving more active
considerations to CBDC in order to preclude the adverse impacts on monetary and financial
stability of private sector digital currencies.

“To date, several jurisdictions have completed pilots and are in advanced stages of CBDC
research and distribution,” the Central Bank stated.

The Central Bank stated that “the threat of losing monetary sovereignty, inter alia, has
compelled regulators to consider issuing CBDC.”

“For some, diminishing cash use, costly and lengthy payment transactions, tax evasion, and
financial inclusion are key reasons for issuing digital fiat. According to the literature, the
main benefits for regulators of a well-designed CBDC are improved operational efficiency
and prudential surveillance, reduced financial exclusion and enhanced macro-financial
supervision, which address some of the issues created by traditional forms of money,” it
stated. The Central Bank of T&T is actively looking at the feasibility of issuing a digital
currency here.

“With regards to CBDC (Central Bank Digital Currency), the Central Bank continues to be
open but cautious and pragmatic in its approach. In 2020, the Central Bank conducted
preliminary research into the feasibility of issuing a local CBDC and is furthering its due
diligence study in 2021 with the assistance of the IMF whilst focusing on strengthening the
broader framework for payments via key channels (such as legislation and infrastructure),”
the Central Bank stated in its recently published Financial Stability Report 2020.

A CBDC is a digital form of fiat money, which according to the Financial Stability Report
2020, is a “safe, neutral and ultimate settlement medium that can extinguish all claims in a
transaction.”
The Central Bank said in 2019, monetary authorities took serious note of Facebook’s
announcement of its stablecoin, formerly called the Libra, and began giving more active
considerations to CBDC in order to preclude the adverse impacts on monetary and financial
stability of private sector digital currencies.

“To date, several jurisdictions have completed pilots and are in advanced stages of CBDC
research and distribution,” the Central Bank stated.

The Central Bank stated that “the threat of losing monetary sovereignty, inter alia, has
compelled regulators to consider issuing CBDC.”

“For some, diminishing cash use, costly and lengthy payment transactions, tax evasion, and
financial inclusion are key reasons for issuing digital fiat. According to the literature, the
main benefits for regulators of a well-designed CBDC are improved operational efficiency
and prudential surveillance, reduced financial exclusion and enhanced macro-financial
supervision, which address some of the issues created by traditional forms of money,” it
stated. The Central Bank of T&T is actively looking at the feasibility of issuing a digital
currency here.

“With regards to CBDC (Central Bank Digital Currency), the Central Bank continues to be
open but cautious and pragmatic in its approach. In 2020, the Central Bank conducted
preliminary research into the feasibility of issuing a local CBDC and is furthering its due
diligence study in 2021 with the assistance of the IMF whilst focusing on strengthening the
broader framework for payments via key channels (such as legislation and infrastructure),”
the Central Bank stated in its recently published Financial Stability Report 2020.

A CBDC is a digital form of fiat money, which according to the Financial Stability Report
2020, is a “safe, neutral and ultimate settlement medium that can extinguish all claims in a
transaction.”

The Central Bank said in 2019, monetary authorities took serious note of Facebook’s
announcement of its stablecoin, formerly called the Libra, and began giving more active
considerations to CBDC in order to preclude the adverse impacts on monetary and financial
stability of private sector digital currencies.
“To date, several jurisdictions have completed pilots and are in advanced stages of CBDC
research and distribution,” the Central Bank stated.

The Central Bank stated that “the threat of losing monetary sovereignty, inter alia, has
compelled regulators to consider issuing CBDC.”

“For some, diminishing cash use, costly and lengthy payment transactions, tax evasion, and
financial inclusion are key reasons for issuing digital fiat. According to the literature, the
main benefits for regulators of a well-designed CBDC are improved operational efficiency
and prudential surveillance, reduced financial exclusion and enhanced macro-financial
supervision, which address some of the issues created by traditional forms of money,” it
stated. The Central Bank of T&T is actively looking at the feasibility of issuing a digital
currency here.

“With regards to CBDC (Central Bank Digital Currency), the Central Bank continues to be
open but cautious and pragmatic in its approach. In 2020, the Central Bank conducted
preliminary research into the feasibility of issuing a local CBDC and is furthering its due
diligence study in 2021 with the assistance of the IMF whilst focusing on strengthening the
broader framework for payments via key channels (such as legislation and infrastructure),”
the Central Bank stated in its recently published Financial Stability Report 2020.

A CBDC is a digital form of fiat money, which according to the Financial Stability Report
2020, is a “safe, neutral and ultimate settlement medium that can extinguish all claims in a
transaction.”

The Central Bank said in 2019, monetary authorities took serious note of Facebook’s
announcement of its stablecoin, formerly called the Libra, and began giving more active
considerations to CBDC in order to preclude the adverse impacts on monetary and financial
stability of private sector digital currencies.

“To date, several jurisdictions have completed pilots and are in advanced stages of CBDC
research and distribution,” the Central Bank stated.

The Central Bank stated that “the threat of losing monetary sovereignty, inter alia, has
compelled regulators to consider issuing CBDC.”
“For some, diminishing cash use, costly and lengthy payment transactions, tax evasion, and
financial inclusion are key reasons for issuing digital fiat. According to the literature, the
main benefits for regulators of a well-designed CBDC are improved operational efficiency
and prudential surveillance, reduced financial exclusion and enhanced macro-financial
supervision, which address some of the issues created by traditional forms of money,” it
stated. The Central Bank of T&T is actively looking at the feasibility of issuing a digital
currency here.

“With regards to CBDC (Central Bank Digital Currency), the Central Bank continues to be
open but cautious and pragmatic in its approach. In 2020, the Central Bank conducted
preliminary research into the feasibility of issuing a local CBDC and is furthering its due
diligence study in 2021 with the assistance of the IMF whilst focusing on strengthening the
broader framework for payments via key channels (such as legislation and infrastructure),”
the Central Bank stated in its recently published Financial Stability Report 2020.

A CBDC is a digital form of fiat money, which according to the Financial Stability Report
2020, is a “safe, neutral and ultimate settlement medium that can extinguish all claims in a
transaction.”

The Central Bank said in 2019, monetary authorities took serious note of Facebook’s
announcement of its stablecoin, formerly called the Libra, and began giving more active
considerations to CBDC in order to preclude the adverse impacts on monetary and financial
stability of private sector digital currencies.

“To date, several jurisdictions have completed pilots and are in advanced stages of CBDC
research and distribution,” the Central Bank stated.

The Central Bank stated that “the threat of losing monetary sovereignty, inter alia, has
compelled regulators to consider issuing CBDC.”

“For some, diminishing cash use, costly and lengthy payment transactions, tax evasion, and
financial inclusion are key reasons for issuing digital fiat. According to the literature, the
main benefits for regulators of a well-designed CBDC are improved operational efficiency
and prudential surveillance, reduced financial exclusion and enhanced macro-financial
supervision, which address some of the issues created by traditional forms of money,” it
stated. The Central Bank of T&T is actively looking at the feasibility of issuing a digital
currency here.
“With regards to CBDC (Central Bank Digital Currency), the Central Bank continues to be
open but cautious and pragmatic in its approach. In 2020, the Central Bank conducted
preliminary research into the feasibility of issuing a local CBDC and is furthering its due
diligence study in 2021 with the assistance of the IMF whilst focusing on strengthening the
broader framework for payments via key channels (such as legislation and infrastructure),”
the Central Bank stated in its recently published Financial Stability Report 2020.

A CBDC is a digital form of fiat money, which according to the Financial Stability Report
2020, is a “safe, neutral and ultimate settlement medium that can extinguish all claims in a
transaction.”

The Central Bank said in 2019, monetary authorities took serious note of Facebook’s
announcement of its stablecoin, formerly called the Libra, and began giving more active
considerations to CBDC in order to preclude the adverse impacts on monetary and financial
stability of private sector digital currencies.

“To date, several jurisdictions have completed pilots and are in advanced stages of CBDC
research and distribution,” the Central Bank stated.

The Central Bank stated that “the threat of losing monetary sovereignty, inter alia, has
compelled regulators to consider issuing CBDC.”

“For some, diminishing cash use, costly and lengthy payment transactions, tax evasion, and
financial inclusion are key reasons for issuing digital fiat. According to the literature, the
main benefits for regulators of a well-designed CBDC are improved operational efficiency
and prudential surveillance, reduced financial exclusion and enhanced macro-financial
supervision, which address some of the issues created by traditional forms of money,” it
stated. The Central Bank of T&T is actively looking at the feasibility of issuing a digital
currency here.

“With regards to CBDC (Central Bank Digital Currency), the Central Bank continues to be
open but cautious and pragmatic in its approach. In 2020, the Central Bank conducted
preliminary research into the feasibility of issuing a local CBDC and is furthering its due
diligence study in 2021 with the assistance of the IMF whilst focusing on strengthening the
broader framework for payments via key channels (such as legislation and infrastructure),”
the Central Bank stated in its recently published Financial Stability Report 2020.
A CBDC is a digital form of fiat money, which according to the Financial Stability Report
2020, is a “safe, neutral and ultimate settlement medium that can extinguish all claims in a
transaction.”

The Central Bank said in 2019, monetary authorities took serious note of Facebook’s
announcement of its stablecoin, formerly called the Libra, and began giving more active
considerations to CBDC in order to preclude the adverse impacts on monetary and financial
stability of private sector digital currencies.

“To date, several jurisdictions have completed pilots and are in advanced stages of CBDC
research and distribution,” the Central Bank stated.

The Central Bank stated that “the threat of losing monetary sovereignty, inter alia, has
compelled regulators to consider issuing CBDC.”

“For some, diminishing cash use, costly and lengthy payment transactions, tax evasion, and
financial inclusion are key reasons for issuing digital fiat. According to the literature, the
main benefits for regulators of a well-designed CBDC are improved operational efficiency
and prudential surveillance, reduced financial exclusion and enhanced macro-financial
supervision, which address some of the issues created by traditional forms of money,” it
stated. The Central Bank of T&T is actively looking at the feasibility of issuing a digital
currency here.

“With regards to CBDC (Central Bank Digital Currency), the Central Bank continues to be
open but cautious and pragmatic in its approach. In 2020, the Central Bank conducted
preliminary research into the feasibility of issuing a local CBDC and is furthering its due
diligence study in 2021 with the assistance of the IMF whilst focusing on strengthening the
broader framework for payments via key channels (such as legislation and infrastructure),”
the Central Bank stated in its recently published Financial Stability Report 2020.

A CBDC is a digital form of fiat money, which according to the Financial Stability Report
2020, is a “safe, neutral and ultimate settlement medium that can extinguish all claims in a
transaction.”

The Central Bank said in 2019, monetary authorities took serious note of Facebook’s
announcement of its stablecoin, formerly called the Libra, and began giving more active
considerations to CBDC in order to preclude the adverse impacts on monetary and financial
stability of private sector digital currencies.

“To date, several jurisdictions have completed pilots and are in advanced stages of CBDC
research and distribution,” the Central Bank stated.

The Central Bank stated that “the threat of losing monetary sovereignty, inter alia, has
compelled regulators to consider issuing CBDC.”

“For some, diminishing cash use, costly and lengthy payment transactions, tax evasion, and
financial inclusion are key reasons for issuing digital fiat. According to the literature, the
main benefits for regulators of a well-designed CBDC are improved operational efficiency
and prudential surveillance, reduced financial exclusion and enhanced macro-financial
supervision, which address some of the issues created by traditional forms of money,” it
stated. The Central Bank of T&T is actively looking at the feasibility of issuing a digital
currency here.

“With regards to CBDC (Central Bank Digital Currency), the Central Bank continues to be
open but cautious and pragmatic in its approach. In 2020, the Central Bank conducted
preliminary research into the feasibility of issuing a local CBDC and is furthering its due
diligence study in 2021 with the assistance of the IMF whilst focusing on strengthening the
broader framework for payments via key channels (such as legislation and infrastructure),”
the Central Bank stated in its recently published Financial Stability Report 2020.

A CBDC is a digital form of fiat money, which according to the Financial Stability Report
2020, is a “safe, neutral and ultimate settlement medium that can extinguish all claims in a
transaction.”

The Central Bank said in 2019, monetary authorities took serious note of Facebook’s
announcement of its stablecoin, formerly called the Libra, and began giving more active
considerations to CBDC in order to preclude the adverse impacts on monetary and financial
stability of private sector digital currencies.

“To date, several jurisdictions have completed pilots and are in advanced stages of CBDC
research and distribution,” the Central Bank stated.
The Central Bank stated that “the threat of losing monetary sovereignty, inter alia, has
compelled regulators to consider issuing CBDC.”

“For some, diminishing cash use, costly and lengthy payment transactions, tax evasion, and
financial inclusion are key reasons for issuing digital fiat. According to the literature, the
main benefits for regulators of a well-designed CBDC are improved operational efficiency
and prudential surveillance, reduced financial exclusion and enhanced macro-financial
supervision, which address some of the issues created by traditional forms of money,” it
stated. The Central Bank of T&T is actively looking at the feasibility of issuing a digital
currency here.

“With regards to CBDC (Central Bank Digital Currency), the Central Bank continues to be
open but cautious and pragmatic in its approach. In 2020, the Central Bank conducted
preliminary research into the feasibility of issuing a local CBDC and is furthering its due
diligence study in 2021 with the assistance of the IMF whilst focusing on strengthening the
broader framework for payments via key channels (such as legislation and infrastructure),”
the Central Bank stated in its recently published Financial Stability Report 2020.

A CBDC is a digital form of fiat money, which according to the Financial Stability Report
2020, is a “safe, neutral and ultimate settlement medium that can extinguish all claims in a
transaction.”

The Central Bank said in 2019, monetary authorities took serious note of Facebook’s
announcement of its stablecoin, formerly called the Libra, and began giving more active
considerations to CBDC in order to preclude the adverse impacts on monetary and financial
stability of private sector digital currencies.

“To date, several jurisdictions have completed pilots and are in advanced stages of CBDC
research and distribution,” the Central Bank stated.

The Central Bank stated that “the threat of losing monetary sovereignty, inter alia, has
compelled regulators to consider issuing CBDC.”

“For some, diminishing cash use, costly and lengthy payment transactions, tax evasion, and
financial inclusion are key reasons for issuing digital fiat. According to the literature, the
main benefits for regulators of a well-designed CBDC are improved operational efficiency
and prudential surveillance, reduced financial exclusion and enhanced macro-financial
supervision, which address some of the issues created by traditional forms of money,” it
stated. The Central Bank of T&T is actively looking at the feasibility of issuing a digital
currency here.

“With regards to CBDC (Central Bank Digital Currency), the Central Bank continues to be
open but cautious and pragmatic in its approach. In 2020, the Central Bank conducted
preliminary research into the feasibility of issuing a local CBDC and is furthering its due
diligence study in 2021 with the assistance of the IMF whilst focusing on strengthening the
broader framework for payments via key channels (such as legislation and infrastructure),”
the Central Bank stated in its recently published Financial Stability Report 2020.

A CBDC is a digital form of fiat money, which according to the Financial Stability Report
2020, is a “safe, neutral and ultimate settlement medium that can extinguish all claims in a
transaction.”

The Central Bank said in 2019, monetary authorities took serious note of Facebook’s
announcement of its stablecoin, formerly called the Libra, and began giving more active
considerations to CBDC in order to preclude the adverse impacts on monetary and financial
stability of private sector digital currencies.

“To date, several jurisdictions have completed pilots and are in advanced stages of CBDC
research and distribution,” the Central Bank stated.

The Central Bank stated that “the threat of losing monetary sovereignty, inter alia, has
compelled regulators to consider issuing CBDC.”

“For some, diminishing cash use, costly and lengthy payment transactions, tax evasion, and
financial inclusion are key reasons for issuing digital fiat. According to the literature, the
main benefits for regulators of a well-designed CBDC are improved operational efficiency
and prudential surveillance, reduced financial exclusion and enhanced macro-financial
supervision, which address some of the issues created by traditional forms of money,” it
stated. The Central Bank of T&T is actively looking at the feasibility of issuing a digital
currency here.

“With regards to CBDC (Central Bank Digital Currency), the Central Bank continues to be
open but cautious and pragmatic in its approach. In 2020, the Central Bank conducted
preliminary research into the feasibility of issuing a local CBDC and is furthering its due
diligence study in 2021 with the assistance of the IMF whilst focusing on strengthening the
broader framework for payments via key channels (such as legislation and infrastructure),”
the Central Bank stated in its recently published Financial Stability Report 2020.

A CBDC is a digital form of fiat money, which according to the Financial Stability Report
2020, is a “safe, neutral and ultimate settlement medium that can extinguish all claims in a
transaction.”

The Central Bank said in 2019, monetary authorities took serious note of Facebook’s
announcement of its stablecoin, formerly called the Libra, and began giving more active
considerations to CBDC in order to preclude the adverse impacts on monetary and financial
stability of private sector digital currencies.

“To date, several jurisdictions have completed pilots and are in advanced stages of CBDC
research and distribution,” the Central Bank stated.

The Central Bank stated that “the threat of losing monetary sovereignty, inter alia, has
compelled regulators to consider issuing CBDC.”

“For some, diminishing cash use, costly and lengthy payment transactions, tax evasion, and
financial inclusion are key reasons for issuing digital fiat. According to the literature, the
main benefits for regulators of a well-designed CBDC are improved operational efficiency
and prudential surveillance, reduced financial exclusion and enhanced macro-financial
supervision, which address some of the issues created by traditional forms of money,” it
stated. The Central Bank of T&T is actively looking at the feasibility of issuing a digital
currency here.

“With regards to CBDC (Central Bank Digital Currency), the Central Bank continues to be
open but cautious and pragmatic in its approach. In 2020, the Central Bank conducted
preliminary research into the feasibility of issuing a local CBDC and is furthering its due
diligence study in 2021 with the assistance of the IMF whilst focusing on strengthening the
broader framework for payments via key channels (such as legislation and infrastructure),”
the Central Bank stated in its recently published Financial Stability Report 2020.
A CBDC is a digital form of fiat money, which according to the Financial Stability Report
2020, is a “safe, neutral and ultimate settlement medium that can extinguish all claims in a
transaction.”

The Central Bank said in 2019, monetary authorities took serious note of Facebook’s
announcement of its stablecoin, formerly called the Libra, and began giving more active
considerations to CBDC in order to preclude the adverse impacts on monetary and financial
stability of private sector digital currencies.

“To date, several jurisdictions have completed pilots and are in advanced stages of CBDC
research and distribution,” the Central Bank stated.

The Central Bank stated that “the threat of losing monetary sovereignty, inter alia, has
compelled regulators to consider issuing CBDC.”

“For some, diminishing cash use, costly and lengthy payment transactions, tax evasion, and
financial inclusion are key reasons for issuing digital fiat. According to the literature, the
main benefits for regulators of a well-designed CBDC are improved operational efficiency
and prudential surveillance, reduced financial exclusion and enhanced macro-financial
supervision, which address some of the issues created by traditional forms of money,” it
stated. The Central Bank of T&T is actively looking at the feasibility of issuing a digital
currency here.

“With regards to CBDC (Central Bank Digital Currency), the Central Bank continues to be
open but cautious and pragmatic in its approach. In 2020, the Central Bank conducted
preliminary research into the feasibility of issuing a local CBDC and is furthering its due
diligence study in 2021 with the assistance of the IMF whilst focusing on strengthening the
broader framework for payments via key channels (such as legislation and infrastructure),”
the Central Bank stated in its recently published Financial Stability Report 2020.

A CBDC is a digital form of fiat money, which according to the Financial Stability Report
2020, is a “safe, neutral and ultimate settlement medium that can extinguish all claims in a
transaction.”

The Central Bank said in 2019, monetary authorities took serious note of Facebook’s
announcement of its stablecoin, formerly called the Libra, and began giving more active
considerations to CBDC in order to preclude the adverse impacts on monetary and financial
stability of private sector digital currencies.

“To date, several jurisdictions have completed pilots and are in advanced stages of CBDC
research and distribution,” the Central Bank stated.

The Central Bank stated that “the threat of losing monetary sovereignty, inter alia, has
compelled regulators to consider issuing CBDC.”

“For some, diminishing cash use, costly and lengthy payment transactions, tax evasion, and
financial inclusion are key reasons for issuing digital fiat. According to the literature, the
main benefits for regulators of a well-designed CBDC are improved operational efficiency
and prudential surveillance, reduced financial exclusion and enhanced macro-financial
supervision, which address some of the issues created by traditional forms of money,” it
stated. The Central Bank of T&T is actively looking at the feasibility of issuing a digital
currency here.

“With regards to CBDC (Central Bank Digital Currency), the Central Bank continues to be
open but cautious and pragmatic in its approach. In 2020, the Central Bank conducted
preliminary research into the feasibility of issuing a local CBDC and is furthering its due
diligence study in 2021 with the assistance of the IMF whilst focusing on strengthening the
broader framework for payments via key channels (such as legislation and infrastructure),”
the Central Bank stated in its recently published Financial Stability Report 2020.

A CBDC is a digital form of fiat money, which according to the Financial Stability Report
2020, is a “safe, neutral and ultimate settlement medium that can extinguish all claims in a
transaction.”

The Central Bank said in 2019, monetary authorities took serious note of Facebook’s
announcement of its stablecoin, formerly called the Libra, and began giving more active
considerations to CBDC in order to preclude the adverse impacts on monetary and financial
stability of private sector digital currencies.

“To date, several jurisdictions have completed pilots and are in advanced stages of CBDC
research and distribution,” the Central Bank stated.
The Central Bank stated that “the threat of losing monetary sovereignty, inter alia, has
compelled regulators to consider issuing CBDC.”

“For some, diminishing cash use, costly and lengthy payment transactions, tax evasion, and
financial inclusion are key reasons for issuing digital fiat. According to the literature, the
main benefits for regulators of a well-designed CBDC are improved operational efficiency
and prudential surveillance, reduced financial exclusion and enhanced macro-financial
supervision, which address some of the issues created by traditional forms of money,” it
stated.