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![IMF offers Jordan’s central bank recommendations for implementing retail CBDC](https://i-invdn-com.investing.com/news/Cryptocurrencies_800x533_L_1556444885.jpg)
The Central Bank of Jordan is closer to its next step toward a retail central bank digital currency (rCBDC) with the completion of an International Monetary Fund technical report on the country’s markets. The IMF conducted a three-month mission last year to assist the bank with preparations for a CBDC feasibility report. The IMF released its report on Feb. 23.
Working between July and September 2022, the IMF gave the country’s existing retail payment market a largely positive review, calling it well integrated. Two non-bank payment service providers (PSPs) have “generally accessible and appropriate product” and the country has high smartphone penetration, the report noted.
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