In March 2023, the Bank of Namibia released a Consultation Paper discussing Central Bank Digital Currencies (CBDCs) as a way to reaffirm its dedication to ongoing collaboration and communication with the financial industry, private sector pioneers, the FinTech realm, and various stakeholders. The document presented the primary advantages and potential drawbacks linked to a Central Bank Digital Currency (CBDC), while also inviting input regarding potential forthcoming undertakings in this domain. This initiative seeks to drive the transformation of the financial sector for the betterment of all individuals in Namibia.
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