Central bank money is currently available for retail use in only physical form – cash. But the digitalisation of payments is eroding the role of cash and its ability to provide an effective monetary anchor. Central bank digital currencies would instead preserve the use of public money for digital retail payments.
In simple words, the law clearly defines our assignment without delineating the means to realize it! “Experts” in Serbia still engage in theoretical discussions about monetary policy while, at the same time, thinking in terms of exchange rate only!