Governor Scicluna participates in panel discussion on the Digital Euro in Slovenia

The Central Bank of Malta Governor, Professor Edward Scicluna, participated in a panel discussion organized by the Banka Slovenije entitled ‘Digital Euro: Cash meets Technology’, where the panellists discussed why central banks are considering issuing a digital euro, the benefits of digital currency for users, the potential risks and what a digital euro would make for cash.

The event was opened by Governor Boštjan Vasle, and the progress of the digital euro project was presented by Simon Anko, Director of the Payment and Settlement Systems at Banka Slovenije.

The roundtable, chaired by Vice Governor Marko Pahor, hosted Peter Kažimír, Governor of Národná Banka Slovenska, Madis Müller, Governor of Eesti Pank, Edward Scicluna, Governor of the Central Bank of Malta, Gediminas Šimkus, Governor of Lietuvos bankas, Boris Vujčić, Governor of Hrvatska narodna banka, and Governor Boštjan Vasle.

During his intervention, Governor Scicluna stated that the preparatory stages and their processes need to take time in order to examine and test the impact of the Digital Euro on the economy, on financial stability, and most importantly to ensure that monetary policy and the transmission mechanism are not weakened.