EconWithNick on Nostr: You just can't make this stuff up... Aruba's central bank cites the Nigerian ...
You just can't make this stuff up... Aruba's central bank cites the Nigerian experience as a model to follow for introducing a CBDC and reducing cash use.
The Nigerian government created a cash shortage so bad it led to protests and riots!
At the time, I explicitly wrote that this experience was a cautionary tale about why CBDCs should be avoided. Yet, the central bank of Aruba seems to see the opposite.
Stuff like this is exactly why the
HRF (npub17xv…c9as) CBDC Tracker is here.
https://cbdctracker.hrf.org/homePublished at
2024-09-07 17:33:27Event JSON
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"content": "You just can't make this stuff up... Aruba's central bank cites the Nigerian experience as a model to follow for introducing a CBDC and reducing cash use. \n\nThe Nigerian government created a cash shortage so bad it led to protests and riots! \n\nhttps://m.primal.net/KiQI.png \n\nAt the time, I explicitly wrote that this experience was a cautionary tale about why CBDCs should be avoided. Yet, the central bank of Aruba seems to see the opposite. \n\nStuff like this is exactly why the nostr:npub17xvf49kht23cddxgw92rvfktkd3vqvjgkgsdexh9847wl0927tqsrhc9as CBDC Tracker is here. \n\nhttps://cbdctracker.hrf.org/home",
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