南非国际事务研究所-中国央行数字货币：非洲金融新势力？（英）-2024-36页

OccasionalPaper353February2024China’sCentralBankDigitalCurrency:ANewForceinAfricanFinance?LAURENAJOHNSTONAfricanperspectivesGlobalinsightsAbstractInlinewithchangesintechnologyandsocietalpreferencesandinnovation,moneyhasevolvedacrosstime.Overrecentdecades,theemergenceofblockchaintechnologiesandcryptocurrencieshasaddedpressureandbuiltmomentumtotheadoptionofdigitalcurrencies.Forseveralinterrelatedreasons,amongmajoreconomies,China–Africa’smostimportanttradepartnerandbilateralcreditor–isattheforefrontofthedigitalcurrencyrollout.EvolutionofChina’sdigitalcurrency,thee-CNY,islikelytohaveanimpactonthefutureofAfrica’seconomiclandscapetoo,aswellassocio-economicandpoliticaleconomyvariablesbeyond.Understandingthebenefits,costsandissuesofacentralbankdigitalcurrency(CBDC),thetrajectoryofthee-CNYandthebroaderglobalmonetaryreformcontextisimperativeforbroaderAfricaninterests.Yet,China’se-CNYislittleunderstoodoutsideofChina,letaloneinChina.ThisoccasionalpaperaimstosetoutthebasicsofaCBDCandofChina’se-CNY.AfricancontextisaddedandsuggestionsareofferedonareasofdebatethatmightbeencouragedtobringtheCBDCoutofmonetaryhallsandintothearenaofpublicinterestdebate.2OccasionalPaper353CHINA’SCENTRALBANKDIGITALCURRENCY:ANEWFORCEINAFRICANFINANCE?IntroductionTangiblemediumsofexchangehaveexistedforthousandsofyearsinAfrica.Thecowrieshelli...