Central Bank Digital Currencies as a Tool to Enhance Financial Inclusion: Opportunities and Challenges in Emerging Markets

Abstract

This study explores Central Bank Digital Currencies (CBDCs) as a modern tool tr enhance Financial inclusion in emerging Amarkets. CBDC, ropres enta significant innovation in monetary policy, combining the security of traditional cash with the efficiency of digital systems, therby. enabling central banks to expand access to Financial services.

The raresearch highlights the opportunities offered by CBDCs, including reducing transaction costs, increasing transparency and facilitating access to Financial services. through mobile technology, which helps integrate marginalized groups into the Formal Financial system, it also addresses the challenges such as cybersecurity risks, weak digital infrastructure, and Potential impacts on commercial banks? Lending capacity.