Papua New Guinea is a predominantly cash economy and I want to see our people use clean banknotes and bright coins. I want to devise more efficient methods of withdrawing dirty and torn banknotes. These financial sector reforms are intended to sustain macroeconomic stability over the medium to longer term, which is necessary for laying the foundation for economic growth.
So we have plenty of questions on CBDC to discuss. I am nearing the end of my speech but look forward to exchanging views with you during our virtual Q&A session. Conclusion 3/4  BIS central bankers' speeches  In monitoring the evolution and uses of technology, the ECB respects technological neutrality. We do not serve technology – technology serves us.