By Reuters Staff
2 Min Read
BRASILIA, April 12 (Reuters) - Brazil’s central bank is making progress on plans to digitalize its currency, the real, and should have news on the matter soon, the bank’s president Roberto Campos Neto said on Monday.
In an online debate hosted by the Bank of Spain, Campos Neto said central banks around the world should deepen their discussions on digital currencies, which have common characteristics across several countries.
“We are making great progress on the digital currency process and we should have news soon,” said Campos Neto, without elaborating.
Among issues that still need to be determined are whether a digital real will be interest-bearing, and what kind of technology will be adopted, Campos Neto said.