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MARKETS DAILY: Featured Story | A CBDC Alternative to SWIFT?

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A CBDC Alternative to Swift: Exploring the M-Bridge Project and Its Potential Impact

This chapter discusses the M-Bridge project, a central bank digital currency initiative involving 23 central banks, and its potential impact on international trade, flow of funds, trade agreements, and the power of sanctions. It also highlights the challenges and complexities associated with implementing wholesale CBDCs.

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