Countries with most research into interbank CBDC 2021-2023

Central Bank Digital Currencies (CBDC) interbank or wholesale projects that are furthest in their development from 2021 to 2023, by country

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Release date

November 2023



Survey time period

December 2020 and January 2022

Special properties

The figures provided are meant to rank the development of CBDC worlwide, for more information see the "Details" tab. The source stat that it was rebased against an index of 100, and is dependent on the availability of data

Supplementary notes

The source states that the CBDC project status is the main variable for the index - tracking research, pilot and production as its three main stages of development. The more advanced a CBDC project is, the more point it receives. Additionally, the source allocated bonus points based on the duration of the project. Two other variables for the index value include the stance of the central bank based on published speeches, and a public interest proxy as measured in Google Trends or Baidu Index (for Mainland China).

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