Boe Governor Dubious Over Need For Digital Pound
Andrew Bailey Was The Governor Of The Bank Of England
Euro Zone Finance Ministers Backed Further Work On A Digital Euro
Bailey Told The Treasury Select Committee That He Wasnt Sure Whether The Digital Pound Was Needed At The Time
He Said That They Have A Wholesale Central Bank Money Settlement System
There Are No Plans To Abolish Cash But Bailey Is Uneasy About The Use Of Retail Pounds
He Said That There Is A Need To Clarify What Problem They Are Trying To Solve
The Boe Governor Isnt Convinced That Retail Payment Systems Need This Sort Of Upgrade At The Moment
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