Market news
19.03.2021, 11:51

Digital euro may still be five years away - ECB's Panetta

Reuters reports that ECB board member Fabio Panetta said that the ECB could decide around mid-year whether to proceed with a digital euro but the formal launch of the currency may still be around five years away.

If the process gets the go ahead this year, there will a two-year investigation phase and a two to three year implementation phase, Panetta told a conference.

ECB President Christine Lagarde last month said she hoped the digital euro could be read in four years.

© 2000-2021. All rights reserved.

This site is managed by Teletrade D.J. Limited 20599 IBC 2012 (First Floor, First St. Vincent Bank Ltd Building, James Street, Kingstown, St. Vincent and the Grenadines).

The information on this website is for informational purposes only and does not constitute any investment advice.

AML Website Summary

Risk Disclosure

Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.

Privacy Policy

Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.

Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.

Feedback
Live Chat E-mail
Up
Choose your language / location