Making progress on this front would help us build the infrastructure assets that would strengthen our national balance sheet and lift our productive capacity. 6  4  The quotes here come from Shann (1927), pp 30, 33 and 12, respectively.
Today, I would like to share with you some of my thought on the Central Bank Digital Currency, or CBDC. CBDC has attracted growing attention in recent years. According to a BIS survey in May, 90% out of the 81 respondent central banks have started work on CBDC.