ECB's Commitment to Digital Euro

European Central Bank (ECB) President Christine Lagarde emphasized the bank's strong commitment to introducing a digital euro, aiming for its availability "in the shortest possible time." However, she clarified that this ambitious project won't materialize "tomorrow," highlighting the complexities involved.

Cash Remains King

Despite the push towards digitalization, Lagarde reassured that "cash will always be there," underscoring the ECB's dedication to catering to all Europeans' payment preferences as they evolve.

Future-Proofing Europe's Currency

"Our duty is to ensure the digital euro becomes a viable option as Europeans' preferences shift," Lagarde stated, marking a significant step towards modernizing the EU's monetary system.