About 93% of global central banks are exploring digital currencies - and that could boost de-dollarization, a report by IMF staff says

• About 93% of global central banks are exploring the possibility of having their own digital currencies.
• Such central bank digital currencies could boost local-currency payments, and aid the de-dollarization drive, according to a paper by IMF staff.
• China has already introduced a digital yuan and Russia is going ahead with plans for a similar version of the ruble.

A vast majority of global central banks are exploring the scope of issuing their own digital currencies - and it's a trend that could eventually aid the international campaign to shift away from the dollar, according to a research paper published by International Monetary Fund staff.