Nigeria’s Monetary Policy and Economic Development: Experience of the Cashless Society and an Appraisal of the Central Bank Digital Currency (CBDC)
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Despite the noisome success stages of CBDC by central banks of the world, Nigeria is yet to have an overview of the possibility of issuing CBDC and as an employable option to its current difficulties of corruption, money laundering and terrorism. The study revealed that from the respondents’ views and that of the researcher, CBDC is a viable option that can eradicate most of the challenges faced in the current financial/ monetary system like financial inclusion, money laundering and terrorist financing, interest rate discrepancies, etc.
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