The Central Bank of Bolivia has published its inaugural report on the potential implementation of a wholesale central bank digital currency (CBDC), known as the digital boliviano. The report highlights that a wholesale CBDC could significantly improve high-value transactions and bolster the sovereignty of the Bolivian boliviano within the digital economy. In contrast, a retail CBDC is deemed to offer limited immediate benefits due to the current state of the retail payment infrastructure. The bank intends to engage with financial stakeholders and conduct a public survey, with a follow-up report anticipated in the fourth quarter of 2026.
Bolivia Explores Wholesale CBDC to Enhance Financial System
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