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008 240607 ||| eng
020 |a 9798400241642 
100 1 |a Ree, Jookyung 
245 0 0 |a Nigeria’s eNaira, One Year After  |c Jookyung Ree 
260 |a Washington, D.C.  |b International Monetary Fund  |c 2023 
300 |a 46 pages 
653 |a Payment Systems 
653 |a Economics 
653 |a Finance 
653 |a Central Bank digital currencies 
653 |a Distributed ledgers 
653 |a Industries: Financial Services 
653 |a Regimes 
653 |a Mobile banking 
653 |a Exports and Imports 
653 |a Technological innovations 
653 |a Economics of specific sectors 
653 |a Blockchain and DLT 
653 |a Standards 
653 |a Currency crises 
653 |a Financial markets 
653 |a Macroeconomics 
653 |a Blockchains 
653 |a International finance 
653 |a Economic & financial crises & disasters 
653 |a Government and the Monetary System 
653 |a Databases 
653 |a Financial technology (fintech) 
653 |a Technology 
653 |a Economics: General 
653 |a Balance of payments 
653 |a Corporate Finance and Governance: General 
653 |a Informal sector 
653 |a Financial inclusion 
653 |a International economics 
653 |a Financial Markets and the Macroeconomy 
653 |a Monetary Systems 
653 |a Financial services industry 
653 |a Central Banks and Their Policies 
653 |a Banks and banking, Mobile 
653 |a Remittances 
653 |a Finance: General 
041 0 7 |a eng  |2 ISO 639-2 
989 |b IMF  |a International Monetary Fund 
490 0 |a IMF Working Papers 
028 5 0 |a 10.5089/9798400241642.001 
856 4 0 |u https://elibrary.imf.org/view/journals/001/2023/104/001.2023.issue-104-en.xml?cid=533487-com-dsp-marc  |x Verlag  |3 Volltext 
082 0 |a 330 
520 |a This paper reflects on the first year of the eNaira—the first CBDC in Africa. Despite the laudable undisrupted operation for the first full year, the CBDC project has not yet moved beyond the initial wave of limited adoption. Network effects suggest the initial low adoption spell will require a coordinated policy drive to break it. The eNaira’s potential in financial inclusion requires a strategy to set the right relationship with mobile money, given the former’s potential to either complement or substitute the latter. Cost savings from integrating CBDC—as a bridge vehicle—in the remittance process may also be substantial