• Central Bank Digital Currency, or CDBC. The ‘digital’ we don’t like. Our banking deposits are numbers on a computer at some bank. Banks’ accounts at the ECB are also numbers on a computer, namely at a central bank somewhere in the Eurozone. So, why all the fuzz about a central bank digital currency? We see it as our mission to demystify all obfuscating language. And the best way to show what a digital central bank currency – a digital euro in our case – is by showing where it would sit on a balance sheet. But we start with old-fashioned money first
  • This is how money is created: a bank grants a loan to its client, be it a household or a firm. It creates money ‘out of thin air’. Or with the stroke of a pen – or whatever metaphor you prefer:

 

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