Central Bank Digital Currencies

(asked on 29th April 2024) - View Source

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, whether his Department has made an assessment of the potential merits of using a potential digital pound for its own disbursements and cash management.


Answered by
Bim Afolami Portrait
Bim Afolami
This question was answered on 8th May 2024

No decision has yet been made to issue a digital pound. HM Treasury and the Bank of England continue to explore the feasibility and potential design choices of a digital pound as part of the current design phase. The exploration of a digital pound considers the future of central bank money, meaning that this project supports the Bank of England’s primary objectives on monetary and financial stability.

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