Central bank digital currencies are coming, whether you like it or not

Central banks around the world are considering creating their own digital currencies. It’s not a matter of if we get them, says Dominic Frisby, it’s a matter of when. So how will they affect your life, and is there any alternative?

Digital yuan / e-CNY sign
China is already piloting its digital yuan
(Image credit: © Getty Images)

Today we talk central bank digital currencies – CBDCs.

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Dominic Frisby

Dominic Frisby (“mercurially witty” – the Spectator) is as far as we know the world’s only financial writer and comedian. He is the author of the popular newsletter the Flying Frisby and is MoneyWeek’s main commentator on gold, commodities, currencies and cryptocurrencies. He has also taken several of his shows to the Edinburgh Festival Fringe.

His books are Daylight Robbery - How Tax Changed our Past and Will Shape our Future; Bitcoin: the Future of Money? and Life After the State - Why We Don't Need Government

Dominic was educated at St Paul's School, Manchester University and the Webber-Douglas Academy Of Dramatic Art. You can follow him on X @dominicfrisby