Governor of Banque de France discusses Benefits and Plans for Digital Euro at Banking Conference

06/22 20:25

June 23 (Huobi) - Governor of the Banque de France François Villeroy de Galhau spoke at the Global Official Institutions Conference hosted by BNP Paribas about the potential benefits of a digital euro. He emphasized that disintermediation is not the goal and that commercial banks will still play a role in the financial system. Villeroy de Galhau also discussed the need for a framework for the ECB to provide Eurosystem resolution liquidity in the event of a crisis. The digital euro would be a digital banknote, or "Cash+," and would be rolled out gradually beginning in 2027 or 2028 if approved by the European Central Bank Governing Council.

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