Logo
Munich Personal RePEc Archive

Central bank digital currency in Nigeria: opportunities and risks

Ozili, Peterson K (2021): Central bank digital currency in Nigeria: opportunities and risks. Forthcoming in:

WarningThere is a more recent version of this item available.
[img]
Preview
PDF
MPRA_paper_110152.pdf

Download (448kB) | Preview

Abstract

This paper discussed the opportunities and risks of central bank digital currency (CBDC) in Nigeria, also known as the eNaira or e-Naira. The opportunities which CBDC present to Nigeria include, improved monetary policy transmission, efficient payments and increased financial inclusion. Some of the identified risks include rising digital illiteracy, increased propensity for cyber-attacks, data theft, and the uncertain role of banks in a full-fledged CBDC economy. This article contributes to the literature by evaluating the pros and cons of fiat digital currency such as a central bank digital currency.

Available Versions of this Item

Atom RSS 1.0 RSS 2.0

Contact us: mpra@ub.uni-muenchen.de

This repository has been built using EPrints software.

MPRA is a RePEc service hosted by Logo of the University Library LMU Munich.