Definition ∞ Wholesale money refers to large-value funds exchanged between financial institutions, central banks, and major corporations. This type of money is distinct from retail money used by individual consumers. Transactions often occur through interbank payment systems or central bank reserves.
Context ∞ The concept of wholesale money is gaining renewed attention with the exploration of central bank digital currencies (CBDCs) for interbank settlements and large-scale transactions. Discussions involve how digital versions of wholesale money could enhance efficiency, reduce settlement risk, and introduce new functionalities in financial markets. The implementation of wholesale CBDCs could significantly alter existing payment infrastructures.
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