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CEMLA’s survey on central bank digital currencies in Latin America and the Caribbean

Author

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  • del Valle, Gerardo Hernández
  • Mejía, Karla Chua
  • Zabal, Bernardo Paniagua
  • Girault, Matias Alfredo Gutierrez
  • González, Pablo Villalobos

Abstract

In late 2021 and early 2022, CEMLA conducted a thorough survey involving 12 central banks to analyze key aspects related to the potential implementation of a Central Bank Digital Currency (CBDC). The findings revealed prevalent issues and objectives regarding digital payments in the region, as well as promising avenues for central bank involvement. However, it highlighted the challenges of creating a universal CBDC framework due to significant disparities among neighboring countries. Nonetheless, the collaborative research approach promises valuable insights for future efforts. To protect participant anonymity, each country’s responses were anonymized with randomly assigned letters.

Suggested Citation

  • del Valle, Gerardo Hernández & Mejía, Karla Chua & Zabal, Bernardo Paniagua & Girault, Matias Alfredo Gutierrez & González, Pablo Villalobos, 2024. "CEMLA’s survey on central bank digital currencies in Latin America and the Caribbean," Latin American Journal of Central Banking (previously Monetaria), Elsevier, vol. 5(4).
    • Handle: RePEc:eee:lajcba:v:5:y:2024:i:4:s2666143824000176
    DOI: 10.1016/j.latcb.2024.100135
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    References listed on IDEAS

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    1. Morales-Resendiz, Raúl & Ponce, Jorge & Picardo, Pablo & Velasco, Andrés & Chen, Bobby & Sanz, León & Guiborg, Gabriela & Segendorff, Björn & Vasquez, José Luis & Arroyo, John & Aguirre, Illich & Hayn, 2021. "Implementing a retail CBDC: Lessons learned and key insights," Latin American Journal of Central Banking (previously Monetaria), Elsevier, vol. 2(1).
    2. Francesca Carapella & Jean Flemming, 2020. "Central Bank Digital Currency: A Literature Review," FEDS Notes 2020-11-09-1, Board of Governors of the Federal Reserve System (U.S.).
    3. Arauz, Andrés & Garratt, Rodney & Ramos F., Diego F., 2021. "Dinero Electrónico: The rise and fall of Ecuador's central bank digital currency," Latin American Journal of Central Banking (previously Monetaria), Elsevier, vol. 2(2).
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