Riksbank may not use DLT for e-kronor, says Julin

Riksbank may not use DLT for e-kronor, says Julin - Central Banking

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Julin stressed that – despite the weight of expectations – no decision has been taken by the Riksbank’s board actually to issue e-kronor. But the approach being investigated is to have a value-based central bank digital currency (CBDC).

This would act as a retail digital ‘wallet’ held with the central bank that would offer no interest. There are no current plans to use e-kronor as a transmission tool for monetary policy – for example by imposing negative rates on funds held with the central bank.

Julin says the Riksbank is not particularly worried about a substitution of funds away from commercial banks to e-kronor, at least in “in normal times”.

Riksbank may not use DLT for e-kronor, says Julin - Central Banking:

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