CBDCs will further fragment the global economy—and could threaten the dollar

The Bretton Woods Committee is pleased to Member Spotlight Hung Tran and his recent article titled "CBDCs will further fragment the global economy—and could threaten the dollar" 

According to the article - "By the end of 2023, over 130 central banks representing 98 percent of global GDP will have initiated programs to develop central bank digital currencies (CBDCs). In the next five to seven years, it is reasonable to expect that quite a few of those countries will have issued CBDCs either in wholesale or retail formats. In 2023, policymakers quickly moved past proof of concept, delivering pilots across a range of jurisdictions."