Why is the Bank of England looking into the digital pound? #Shorts

We are looking at the idea of a digital pound for the UK as this might be useful as the world becomes more digital. It could also promote innovation. But we have not yet made a decision to issue one. It would be a new form of money that would not replace cash.

This is part of a series of short videos that try to answer questions you may have. See the full series at: b-o-e.uk/videos.

You can also find out more on our website:
www.bankofengland.co.uk/the-digital-pound