Christine Lagarde And The IMF – Are They Really Proposing A New Global Digital Currency?

Thursday, November 15, 2018
By Paul Martin
November 15, 2018

If you have not followed this topic for any length of time, it may appear that we have a bold new initiative from the IMF. But do we? Here’s some insight…

by Larry White of The View From Our Whitehouse

The short answer is no. At least not any time soon. The IMF releases this new study on the prospects for central bank digital currencies (CBDC’s) and Managing Director Christine Lagarde offered her thoughts on the subject in this recent speech. Below are a few excerpts from each and then a few added comments.

From the speech by Managing Director Lagarde:
In this context, I would like to do three things this morning:
First, frame the issue in terms of the changing nature of money and the fintech revolution.
Second, evaluate the role for central banks in this new financial landscape—especially in providing digital currency.
Third, look at some downsides, and consider how they can be minimized.

The Rest…HERE

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