But in a Danish context I find it difficult to see what central bank digital currency would contribute with that our existing payment solutions do not already offer. We already have digital money in the form of bank deposits. In our assessment, the potential gains from introducing central bank digital currency do not match the considerable challenges that its introduction might create.
On the other hand, in the current financial turmoil, the IMF estimated the worldwide loss to be approximately $ billion, of which about half was incurred by banking sector, although these IMF estimates were based on various assumptions and thus warrant care in interpreting.