Central Bank Digital Currency (CBDC)
German: Digitales Zentralbankgeld
A direct liability of a central bank issued in digital form, distinguished between retail versions for the public and wholesale versions for interbank settlement.
Why people look this up
Readers wanting the state of play and the difference between retail and wholesale designs.
Auf Deutsch
Digitales Zentralbankgeld — Eine unmittelbare Verbindlichkeit einer Zentralbank in digitaler Form, unterschieden nach Retail-Varianten für die Allgemeinheit und Wholesale-Varianten für die Abwicklung zwischen Banken.
Looking for how this maps to its traditional-finance counterpart rather than a standalone definition? See the Term Bridge, which also flags where the obvious analogy is wrong.