The increasing interest in CBDCs is undisputed, with many central banks looking to introduce digital currencies in the near future. With potential impacts on issues ranging from monetary policy transmission to financial stability and the smooth functioning of payment systems, CBDCs raise a number of potential questions that must be answered.
To reduce risks, and to choose the right configuration, central banks must have a clear understanding of the impact of introducing a CBDC.
FNA’s CBDC Simulation solution provides a comprehensive model of a nation’s payment systems. Users can then use this model to rapidly test multiple configurations to support the safe introduction of a CBDC, whilst maintaining the stability of its financial system and economy.
FNA’s CBDC Simulation solution will allow central banks to: