APAC CBDC priorities: Motivations for issuing a CBDC in APAC F I GUR E 5 By income group (number of countries that responded to the survey) Payment efficiency, stability and safety Financial inclusion Demand for digital cash/digital payments Financial stability Reduction in cost Alternative to private crypto-assets Regional development in CBDC Monetary policy and sovereignity High income Lower income Lower-middle Upper-middle 6 1 4 3 2 2 1 1 1 1 2 1 4 3 4 1 By type of CBDC (number of countries that responded to the survey) Retail Wholesale Demand for digital payments Efficiency gains Financial innovation Payment efficiency, stability and safety Cost efficiency 0 1 2 3 4 5 6 7 8 9 Enabling payment efficiency: Supporting technological advancements, such as integrating CBDCs to foster efficiency and innovation in the financial sector. Promoting cross-border transactions: Prioritizing low-cost and efficient cross-border payments and remittances to facilitate international trade and support the large number of migrant workers in the region. Advancing cashless societies: Focusing on reducing cash use, promoting digital payments and enhancing financial literacy to drive economic growth and increase efficiency, while balancing privacy concerns. Source: IMF survey Note: Income groups are based on World Bank classification, which classifies economies into four income groups: low, lower-middle, upper-middle and high income using gross national income (GNI) per capita data in US dollars. Central Bank Digital Currency Global Interoperability Principles 15
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