date:Oct 25, 2021
The introduction of a digital US dollar might aid in democratizing banking in poorer countries, but it could also pose a risk to local currencies if it were readily accessible, said former Indian central bank governor Raghuram Rajan in a statement.
An easy-to-use electronic version of the dollar could spur people in lower-income nations to use the dollar for day-to-day transactions, something thats difficult today thanks to the need for physical bills. That might effectively crowd out the local