Peru will test CBDC with support from the IMF

With the purpose of promoting financial inclusion, the Central Bank of Peru announced that it will test a CBDC with technical assistance from the International Monetary Fund

Peru will begin pilot tests for a central bank currency, or CBDC, according to the recent announcement by the Central Reserve Bank of Peru.

The local institution has indicated that the main objective is to promote financial inclusion “as an innovative solution in the market in a controlled manner.”

Through circular number 0011-2024BCRP, “Digital Money Innovation Pilot Regulations”, the regulatory body announced the initiative that will have technical assistance from the International Monetary Fund.

The pilot plan is aimed at “facilitating access to digital payment services for the unbanked population, ensuring that they make the population’s economic transactions more practical.”

During the tests, which will be carried out in a controlled manner, digital money issued by the Central Bank will be used, and the private sector will participate.


Source: cointelegraph

(Reference image source: Unsplash+, in collaboration with Getty Images)

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