Moreover, if the payment cost associated with CBDC is much lower than that of private payment services, most of the merchants would prefer to accept payment via CBDC, rather than via the private digital money.
BIS central bankers’ speeches  1  In its regular convergence reports, the European Central Bank has emphasised that these criteria be met in a sustainable manner. With regard to Romania, achieving an environment conducive to sustainable convergence requires, inter alia, a stability-oriented monetary policy and the strict implementation of its fiscal consolidation plans. Let me now return to the Euro Exhibition itself.