The BH banking system has still not completed its transition to becoming a modern European type banking system but it is well on the way and I think most people will be surprised by how quickly the banking system will continue to change and improve.
Moreover, any value judgement on DBM needs to be assessed against a number of high-level principles, namely (1) technological safety, (2) efficiency, (3) technological neutrality, and (4) freedom of choice for users of means of payments. Today, I would like to outline some of the various options for designing, issuing and managing DBM, and discuss some of their potential consequences.