| | | I think the whole CBDC thing is dead.
They won't discuss the failures, of course...
But, every single "attempt" has... floundered... at best.
They don't really have to tell you how its going in Nigeria... as "60% premium for bitcoin" does that pretty well.
Hard to imagine what that means for "real" economy... to not have actually fungible money available ?
But press covers "some" of that:
The Economist... reads like a CIA briefing paper (ie. generic and useless)
The Guardian... actually does a much better job, with an article written by a local vs the Economist's "local correspondent"... but, they don't really conflict.
The Feb election was won by the ABP, so... "no change"... and, with the crooks running the place, the CBDC isn't intended as a "solution to the problem of corruption" rather than "a solution to the problem of those other guys corruption cutting into our take"...
But, lets see what happens with CBDC issues in the next few months, as the global economy gets smoked ?
They may try to "impose" it, still...
Long "lampposts," "rope"... and, popcorn... with exit strategies, "adequate capacities" and bags packed, etc.
Nigeria not on my short list of "places to visit" in 2023. |
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