Vanuatu CBDC
ResearchVanuatu
Central Bank(s)
Reserve Bank of Vanuatu
Announcement Year
2021
Status
Research
Retail/Wholesale
Retail
Technology Provider
Soramitsu
The purpose of this groundbreaking study is to chart a path for the Pacific Island countries into the age of digital finance. It will systematically investigate financial infrastructures in four countries: Fiji, Solomon Islands, Tonga, and Vanuatu. In addition to assessing current procedures for wholesale settlements (i.e., between financial institutions) and cash-based and cashless retail settlements (e.g., between end users), SORAMITSU will evaluate the potential risks and benefits of introducing central bank digital currencies (CBDCs) and other novel digital assets.
Link to announcement
Last update: July 2021
July 2021
None → Research
Announcement Year: 2021
Retail/Wholesale: Retail
Technology Provider: Soramitsu
Main motivation/goals of the CBDC: The purpose of this groundbreaking study is to chart a path for the Pacific Island countries into the age of digital finance. It will systematically investigate financial infrastructures in four countries: Fiji, Solomon Islands, Tonga, and Vanuatu. In addition to assessing current procedures for wholesale settlements (i.e., between financial institutions) and cash-based and cashless retail settlements (e.g., between end users), SORAMITSU will evaluate the potential risks and benefits of introducing central bank digital currencies (CBDCs) and other novel digital assets.
Link to announcement: soramitsu.co.jp
Country / Region: Vanuatu
Central Bank(s): Reserve Bank of Vanuatu
No recent news found for this currency.