CBDC

Central Bank Digital Currency

A CBDC is a digital form of fiat currency issued by a central bank. It represents a direct claim on the central bank, similar to cash, but in digital form.

CBDCs can be retail (for the public) or wholesale (for financial institutions). They aim to improve payment efficiency and access while remaining distinct from decentralized cryptocurrencies. The Bahamas' Sand Dollar is a CBDC for the Bahamian dollar.

Related Terms

Central Bank

A central bank is a country's monetary authority responsible for issuing currency, setting monetary ...

Fiat Currency

Fiat currency is money issued by a government and declared legal tender, but it is not backed by a p...

Digital Wallet

A digital wallet is an electronic device, software program, or online service that stores payment in...

Cryptocurrency

Cryptocurrency is a digital or virtual currency that uses cryptography for security and operates on ...

Stablecoin

A stablecoin is a type of cryptocurrency designed to maintain a stable value by pegging it to a rese...

Need to convert bank statements to spreadsheet format? Try our bank pdf to CSV converter to easily export your transaction data to Excel or CSV.

Glossary home

Convert 10 pages free per week.
Try your weirdest statement.

Convert a bank statement PDF free