How a CBDC Created Chaos and Poverty in Nigeria - 0 views
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John Kiff on 29 Sep 23"Since Emefiele's arrest, the specter of a CBDC monopoly has disappeared. Those who find electronic money more convenient use it. When that convenience is lost, they will switch to cash or its digital alternative. People now know that there wouldn't have been such chaos if the currency digitalization was voluntary and not accompanied by cash delegalization. Will Nigeria's case help other global central bankers and citizens arrive at a similar conclusion? Probably not, so we await the next economic disaster.