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It is reported that the International Monetary Fund (IMF) released a technical report on the launch of the retail central bank digital currency (rCBDC) in Jord…

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It is reported that the International Monetary Fund (IMF) released a technical report on the launch of the retail central bank digital currency (rCBDC) in Jordan on February 23. It is reported that the International Monetary Fund conducted a three-month investigation last year. During its work from July to September 2022, the IMF gave a basically positive evaluation of the country’s existing retail payment market, saying that it was well integrated. The report points out that two non-bank payment service providers (PSPs) have “generally available and appropriate products”, and the penetration rate of smart phones in the country is high.

IMF provides the Bank of Jordan with suggestions on the implementation of retail CBDC

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