Western Hemisphere > Bahamas, The
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We have all felt the frustration of sending money abroad. It takes time. It’s expensive. It’s cumbersome. And to some of us, it’s embarrassing—because our friends who know we’re economists always ask us what is going on behind the scenes, and the truth is we don’t really know. It’s messy.
CENTRAL BANK DIGITAL CURRENCIES (CBDCs) are digital versions of cash that are issued and regulated by central banks. As such, they are more secure and inherently not volatile, unlike crypto assets.