Complementary to cash describes a digital payment instrument or currency designed to function alongside physical banknotes and coins, rather than replacing them entirely. This approach aims to expand payment options and improve efficiency without diminishing the role of traditional money. It ensures diverse payment methods remain available to the public.
Context
This concept is a central consideration in policy discussions regarding the implementation of central bank digital currencies. News reports frequently reference the “complementary to cash” principle as central banks seek to address concerns about financial exclusion and maintain payment choice for citizens. It highlights an objective to broaden financial accessibility.
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