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Zimbabwean Central Bank Conducts CBDC Consumer Survey



The Reserve Bank of Zimbabwe (RBZ), the Zimbabwean central bank, has conducted a central bank digital currency (CBDC) Consumer Survey to solicit opinions on the design and nature of the CBDC and its overall acceptance by the public.


It has been reported that the bank said the information obtained via this process will be “treated with the utmost confidentiality and the results will only be used for purposes of research on the design.”


However, the commencement of the consumer survey comes just a few months after the RBZ said it would unveil a document that would kickstart a public consultation process. The Zimbabwean central bank believes the involvement of residents and other stakeholders helps to foster “a broad and transparent public dialogue regarding the potential benefits and risks of CBDC.”

The bank stated:

“Please note that the information you are going to provide will be treated with the utmost confidentiality and the results will only be used for purposes of research on the design, nature and acceptability of CBDC in Zimbabwe.”

The report said that in some of the survey questions, participants are asked to explain the differences between a CBDC and the regular Zimbabwe dollar. Participants are also asked to rate their chances of using digital currencies or to state why they are willing or unwilling to use the digital Zimbabwe dollar.


Thus, in addition to asking participants to rate the importance of several features like privacy, transparency, and transaction speed, the RBZ also wants them to pick between the CBDC and cryptocurrency.


Source: Bitcoin News


 

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