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But to do this, it must be trusted. It must allow people and businesses to transact safely and efficiently. And it must evolve with geopolitical and technological developments. For centuries, central banks have issued money and safeguarded its value. That mandate remains unchanged. But the environment in which money is used is being transformed. People are increasingly paying digitally. Tokenisation could reorganise the financial value chain. New solutions are being considered to enhance cross-border payments. And geopolitical fragmentation is making the resilience and governance of critical infrastructure ever more important. Central banks must therefore ensure that the money they issue remains fit for the future.
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