During a speech this week, Dr Joachim Nagel, President of the Deutsche Bundesbank, implied that Europe’s central bank digital currency (CBDC) will launch in 2028/2029. Previously 2026 was mentioned as a potential digital euro launch date by European Central Bank (ECB) President Christine Lagarde, former ECB Director Fabio Panetta, and François Villeroy de Galhau, the Governor of the Banque de France.
The ECB made a decision to progress to the two year preparation phase on schedule in October 2023.
However, this week Dr Nagel said, “A digital euro won’t be introduced any time soon. It may take another four or five years before it is actually implemented.”
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Image Copyright: Deutsche Bundesbank