Money and payment systems in the digital age

Speech by Mr Agustín Carstens, General Manager of the BIS, at the Finance and Global Economics Forum of the Americas and on the occasion of the 70th anniversary of the University of Miami Business School, Miami, 1 November 2018.

Money is one of humankind's most important inventions and is critical to a modern economy, including for the payment of goods and services. Money has evolved through the years with central banks playing an important role. These days, most central banks operate complex systems that allow for safe and efficient payments. Central banks are using the latest technologies to make payment systems more robust, more resilient and more timely, and will continue to play a critical role in pushing the boundaries of how technology can enhance the payments landscape. Money and payments continue to evolve, and the future is promising.