 Pages: 7-22Introduction. The introduction of Central Bank Digital Currencies (CBDCs) has been motivated by several factors, including the accelerating pace of digital transformation, the declining use of cash, the emergence of cryptocurrencies, and the imperative to modernize payment systems. The paper undertakes a thorough examination of the development and implementation of CBDCs, with a particular focus on initiatives in the Bahamas (Sand Dollar), Nigeria (eNaira), and Jamaica (JAM-DEX). Utilizing a range of research methods, including a literature review and synthesis, as well as a comparative analysis, the paper assesses the benefits, challenges, and status of CBDC implementation. Key indicators analysed…
Author: Isabelle-Margareta Oprea
Pages: 22-38Introduction. The study examines the challenges of promoting financial literacy and inclusion in Romania, a country characterized by significant reliance on cash transactions and a large digital divide. With financial services becoming increasingly digitalized, financial literacy is essential for inclusion in the banking system. Romania faces low bank account ownership and limited digital skills, despite having advanced internet accessibility.Aim of the study. The purpose of this research is to analyse the connection between financial literacy, digitalization, and inclusion, and to propose strategies to improve these areas. The research is guided by two hypotheses: 1) Individuals with higher levels of…