European Central Bank targets issuance of digital euro in mid-2029

JH Kim

Summary

The European Central Bank (ECB) said it has set the target to issue the digital euro in mid-2029.
It said the final design completion is set for 2026.
It explained that the project would contribute to strengthening European payment infrastructure and securing strategic monetary sovereignty.

On the 23rd (local time), Reuters reported that Piero Cipollone, a member of the European Central Bank's (ECB) Executive Board, said the target for issuing a digital euro (CBDC) has been set for mid-2029.

Cipollone said he expects the final design of the digital euro to be completed by 2026 and explained that the project would contribute to strengthening European payment infrastructure and securing strategic monetary sovereignty.