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Winds of change: The case for new digital currency

  • Securities Speeches Image

Nov 14, 2018

On November 14, 2018, the International Monetary Fund (IMF) released a speech by Christine Lagarde, IMF Managing Director, given at the Singapore Fintech Festival.

In her speech, Ms. Lagarde discusses the following topics:

  • The changing nature of money and the fintech revolution
  • A case for Central Bank Digital Currencies
  • Downsides of Bank Digital Currencies

She states that while the case for digital currency is not universal, we should investigate it further, seriously, carefully, and creatively. More fundamentally, the case is about change—being open to change, embracing change, shaping change. In the world of Fintech, we need to harness change so it is fair, safe, efficient, and dynamic.

Review the full speech on the IMF's website.

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