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105 Countries are Exploring CBDCs and 11 Have Already Launched Them

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At an International Monetary Fund (“IMF”) seminar last month, IMF’s Deputy Managing Director and former deputy governor of the People’s Bank of China, Bo Li, spoke about the “programmability” of central bank digital currencies (“CBDCs”):

“CBDC can improve financial inclusion [ ] through what we call programmability. That is CBDC can allow government agencies and private sector players to program, to create smart contract, to allow targeted policy functions. For example, welfare payment, for example, consumption coupon, for example, food stamp.  By programming CBDC, those money can be precisely targeted for what kind of people can own and what kind of use this money can be utilised, for example, for food.”

IMF: Central Bank Digital Currencies for Financial Inclusion: Risks and Rewards, 14 October 2022

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GingerJim tweeted an interview from a couple of years ago with someone who explained the impact a pilot program being tested in Shenzhen, China, had on people’s daily lives.

In the video below, Russell Brand also issued warnings as he provided a commentary on installed UK Prime Minister Rishi Sunak’s infamous speech last year and IMF’s Li’s comments on CBDCs.

Russell Brand: Oh Sh*t, It’s REALLY Happening, 1 November 2022 (13 mins)

Status of CBDCs Worldwide

In May 2020, 35 countries were considering a CBDC according to the Atlantic Council CBDC Tracker.

In November 2021, Visual Capitalist summarised the status of CBDCs using data from the Atlantic Council CBDC Tracker.  Although widespread adoption of CBDCs is still far away, Visual Capitalist wrote, research and experiments are making notable strides forward:

  • 81 countries representing 90% of global GDP are exploring CBDCs.
  • The share of central banks actively engaging in CBDC work grew to 86% in the last 4 years.
  • 60% of central banks are conducting experiments on CBDCs (up from 42% in 2019) and 14% are moving forward to development and pilot arrangement.
  • The Bahamas is one of five countries currently working with a CBDC – the Bahamian Sand Dollar.
  • Sweden and Uruguay have shown interest in a digital currency. Sweden began testing an “e-krona” in 2020, and Uruguay announced tests to issue digital Uruguayan pesos as far back as 2017.
  • The People’s Bank of China has been running CBDC tests since April 2020. In all, tens of thousands of citizens have participated, spending 2 billion yuan, and the country is poised to be the first to fully launch a CBDC.

The UK central bank was less optimistic about rolling out a CBDC in the near future, Visual Capitalist noted last year. “The proposed digital currency – dubbed “Britcoin” – is unlikely to arrive until at least 2025.”

In August 2022, Visual Capitalist updated the status of CBDC worldwide, again using data from the Atlantic Council.  It was then as it is now, 105 out of 109 countries being tracked are exploring CBDCs. These 105 countries represent over 95% of global GDP.

Based on this data, Visual Capitalist produced a table listing each country and summarised the data in graphics. “When aggregated, we can see that the majority of countries are in the research stage,” they wrote.

Visualised: The State of Central Bank Digital Currencies, Visual Capitalist

As can be seen above, 9% of countries have launched a digital currency to date.  The 9% is 11 countries. You can see which 11 countries these are in the table in Visual Capitalist’s article. One of them is Nigeria.

This includes Nigeria, which became the first African country to do so in October 2021. Half of the country’s 200 million population is believed to have no access to bank accounts.

Adoption of the eNaira (the digital version of the naira) has so far been relatively sluggish. The eNaira app has accumulated 700,000 downloads as of April 2022. That’s equal to 0.35% of the population, though not all of the downloads are users in Nigeria. 

Conversely, 33.4 million Nigerians were reported to be trading or owning crypto assets, despite the Central Bank of Nigeria’s attempts to restrict usage.

Visualised: The State of Central Bank Digital Currencies, Visual Capitalist

The main graphic in Visual Capital’s article is a world map showing the status by country which is too large to include here.  However, further down the page the world map is divided by region, see below.

CBDCs and totalitarian control through their use is not a conspiracy theory – it is a conspiracy. James Melville posted a Twitter thread on CBDCs which is worth reading.  He began:

“Central banks and governments are nudging us towards this. We cannot let this happen. Wake up before it’s too late.”

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Islander
Islander
2 months ago

“Before it’s too late”?

And today England are playing Wales in that ‘nice’ country Quatar in the World Cup!
What do you think they are more worried about-sport or CBDCs?

And ‘co-incidentally’, this on the day that the BBC report “less than half of population Christian for first time”; the England/Wales census reveals!

A Person
A Person
Reply to  Islander
2 months ago

That is terrible! They are insightful points except I don’t think u should be in Qatar 😉.

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2 months ago

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[…] – 105 Countries are Exploring CBDCs and 11 Have Already Launched Them […]

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[…] Read More: 105 Countries are Exploring CBDCs and 11 Have Already Launched Them […]

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[…] Read More: 105 Countries are Exploring CBDCs and 11 Have Already Launched Them […]

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2 months ago

[…] News) Central bank digital currencies (CBDCs) are already in use in 11 countries, and 105 other nations are considering adopting the […]

pc_PHAGE
pc_PHAGE
1 month ago

When Rishi comes to mind so do intense feelings of xenophobia.

pc_PHAGE
pc_PHAGE
1 month ago

I think a fascist form of antiracism exists in the US & UK.
I don’t know how but I think Rishi is part of/represents that fascist antiracism.
The British and American elites imposed this fascist antiracism on us to control us thru PC. The covid pandemic, climate change, and digital whatnots are all part of the ruling classes war against the people.
*
Xenophobia is the basis of a culture’s immune system.
It is an instinctive defense mechanism put in place by nature and meant to protect the individual and his cuture.
Nature mandates that people form competitive groups and cultures analogous to competing species in the animal world.
It stands to reason that nature would give people a way to protect that mandate.
*
Thus, without a proper expression of xenophobia you get culture destroying migrations.
Never has a cultural immune system been so needed to be revived as in Britain and America!!

Nore
Nore
Reply to  pc_PHAGE
1 month ago

‘Nature mandates..’ You have no proof that nature does this. UK has been looting and committing genocide around the world for centuries and now it’s evil child the USA carries on that work with UK and other allies. If British had not destroyed so many countries, their cultures, languages, faiths and more then probably so many destitute people would not be trying to move here. UK, USA ( governnents) destroyed hundreds of ‘immune systems’ of other countries so maybe its time for Karma

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1 month ago

[…] they will actually enslave us. Many central banks around the world, including the UK, have been conducting trials on Central Bank Digital Currencies (CBDCs). There is even talk of them using the collapse of the […]

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1 month ago

[…] a very real existential threat to all of humanity at this critical time. The online publication The Exposé just reported on November 29th that already 105 nations are exploring Central Bank Digital […]

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1 month ago

[…] a very real existential threat to all of humanity at this critical time. The online publication The Exposé just reported on November 29th that already 105 nations are exploring Central Bank Digital […]

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1 month ago

[…] they will actually enslave us. Many central banks around the world, including the UK, have been conducting trialson Central Bank Digital Currencies (CBDCs). There is even talk of them using the collapse of the FTX […]