Thirdly, the thrust towards technological solutions, which the pandemic fuelled over the last two and a half years, has gained momentum with the changing nature of the payments and settlement landscape. Disruptive technologies have emerged, facilitating the launch of central bank digital currencies, including within the Caribbean region.
2|Page  Indeed, our counterpart in The Bahamas has become the first regional Central Bank to issue a retail CBDC within months of experiencing one of the strongest hurricanes, as they sought to restore financial access to areas impacted by the event.