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