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Finance & Banking vocabulary · Fintech & Digital Banking

Central bank digital currency

Meaning in finance & banking, with examples

nounAdvanced term

In finance & banking, central bank digital currency means: Digital money issued as a direct liability of a central bank.

In Turkish: merkez bankası dijital parası

How it is used

Abbreviated CBDC; retail and wholesale designs differ, and the term does not imply a particular technology.

Example sentences

  1. The study compared central bank digital currency with commercial bank deposits.

    The issuer of the monetary claim differs between the two.

  2. The central bank digital currency pilot focused on wholesale securities settlement.

    A CBDC design can target financial institutions rather than everyday shoppers.

Common collocations

  • central bank digital currency design
  • wholesale CBDC
  • central bankA country's or region's main monetary authority, which issues money, sets the policy interest rate and works to keep prices and the financial system stable.
  • e-moneyMonetary value stored electronically, for example in a wallet app or on a prepaid card, issued in exchange for funds received and accepted as payment by others.

More terms: Fintech & Digital Banking

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This page explains English vocabulary for learners. It is not financial advice.