Instructions:
You meet the governor of the central bank in the coffee shop. She/he asks you what you
think is the best case for a Central Bank Digital Currency, in Saudi Arabia.
In 1 page and half (Governors are time-poor), draft what you will respond.
.Some guiding questions:
-What do you think is the most compelling CBDC use case for Saudi Arabia? Why?
-What problem does it address?
If it has been done?
-What are the learnings and remaining issues?
-Can the private sector solve it? Yes, no, partly?
-How would the central bank add value? eg:
Providing a safe asset?
Providing a stable asset?
Providing settlement services?
Liquidity in bad times (deciding who to give liquidity support to)?
Financial inclusion? Ensuring auditability? AML/CFT?
Cross-border standardisation?
Cross border settlement?
-Who would need to be part of the project team and why?:
Within the central bank?
Other government?
Private sector? Banks? Tech?
What would success look like?
Do your best to be clear, have a logical flow and be concise.
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