Central bank digital currency – its time has come?

Muhamad Aziz was caught trying to smuggle £150,000 (RM807,300) in cash out of Britain. – Picture taken from the NCA website

MILLENNIALS say: digitalisation is here whether we like it or not.

This means the shrinking role of traditional cash as we know it. New digital forms of money are already emerging. Cash use in Malaysia continues to remain rather high. Notes and coin account for 23% of money supply (MI) and 5% of broad money (M2) at the end of the third quarter.