English to Persian (Farsi) Social Sciences Finance (general)

on CBDCs does not imply replacing private sector initiatives. Of course, we need to take
advantage of private sector innovation, and in many research projects and pilots the private sector is a key
partner. The CBDC work shows that while disruptive innovation can be a threat, it can also be an
opportunity. Thus, even with CBDC, central banks are sticking to what money has always been: a social
convention that involves a role both for the private sector and for the central bank or other public
authorities. In this sense, money is an instance of a public-private partnership.