A digital euro
The ECB, as guardian of the euro, provides currency in two forms: we issue banknotes and we transfer electronic deposits to banks and other financial institutions.
Digitalisation has spread to every corner of our lives and
transformed how we pay. In this new era, a digital euro would
guarantee that citizens in the euro area can maintain free access to
a simple, universally accepted, safe and trusted means of payment.
A digital euro would be an electronic form of central bank money accessible to all citizens and firms – like banknotes but in a digital form. It is not meant to replace cash, but rather to complement it. Together, they give people more choices about how to pay, and make it easier for them to do so, increasing financial inclusion.
The Eurosystem will continue to ensure that all citizens have access to euro banknotes and coins across the euro area.
“The euro belongs to Europeans and we are its guardian. We should be prepared to issue a digital euro, should the need arise.”
Christine Lagarde, President of the ECB
“We need to make sure that our currency is fit for the future. Inaction is not an option.”
Fabio Panetta, ECB Executive Board Member
- 04 November 2020
- Fabio Panetta: The two sides of the (stable)coin
- 22 October 2020
- Fabio Panetta: A new horizon for European payments
- 12 October 2020
- Fabio Panetta: A digital euro for the digital era
- 2 October 2020
- Fabio Panetta: We must be prepared to issue a digital euro
- 22 September 2020
- ECB Crypto-Assets Task Force: Stablecoins: Implications for monetary policy, financial stability, market infrastructure and payments, and banking supervision in the euro area
- 12 September 2020
- Christine Lagarde: Payments in a digital world
- 3 January 2020
- Ulrich Bindseil: ECB Working paper: Tiered CBDC and the financial system