BoB considers introducing a ‘digital pula’
Friday, June 17, 2022 | 5000 Views |
Thinking digital: The BoB has a dedicated group watching out for the latest in fintech PIC: MBONGENI MGUNI
A Central Bank Digital Currency (CBDC) is a digital form of central bank money that is widely available to the general public. Instead of only printing money, a central bank like the BoB would issue electronic coins or accounts backed by the full faith and credit of the government.
The central bank’s spokesperson, Seamogano Mosanako said the assessment is looking at the impact of a digital currency on price and financial stability, monetary policy transmission, regulation and oversight of the financial and payments system as well as promotion of financial sector development.
It is not uncommon in this part of the world for parents to actually punish their children when they show signs of depression associating it with issues of indiscipline, and as a result, the poor child will be lashed or given some kind of punishment. We have had many suicide cases in the country and sadly some of the cases included children and young adults. We need to start looking into issues of mental health with the seriousness it...