Part 7/10:
The specific design features of retail CBDCs may vary by country. Some might include features like expiration dates or restrictions on saving, influencing how and when consumers can use their digital money.
Examples Around the World
Several countries have launched or piloted retail CBDCs:
The Bahamas introduced the Sand Dollar.
China launched its digital yuan (or digital renminbi) around 2020.
Nigeria implemented a digital currency with limits on ATM withdrawals.
Sweden's central bank completed successful pilot programs for a digital crown.
These initiatives reflect growing confidence in retail CBDCs as a means to modernize payment systems and enhance financial inclusion.