Larissa De Lima, senior fellow at the Oliver Wyman Forum, and Erica Salinas, global technical leader for blockchain at AWS, join Lewis McLellan, editor of OMFIF’s Digital Monetary Institute, to discuss their joint report, ‘Retail Central Bank Digital Currency: From Vision to Design’. They delve into the importance of clear strategic priorities when it comes to designing a CBDC for retail use. Some jurisdictions will aim to prioritise the impact on financial inclusion that introducing a retail CBDC will have. Others will be more concerned with ensuring the privacy and data security of the users. De Lima and Salinas discuss policy trade-offs that CBDCs will have to grapple with, accepting compromises based on their priorities. The range of priorities is broad, and each possibility implies a different technical architecture.