Big news from the IMF on Namibia! 🇳🇦 They found no compelling reasons for the country to issue a retail central bank digital currency (CBDC). Instead, the focus should be on enhancing instant payment solutions (IPS) to tackle affordability and interoperability issues. 💰✨ The IMF highlights that major financial institutions in Namibia are already committed to IPS, leaving little room for a retail CBDC. Plus, the benefits of a CBDC, like offline capabilities, depend on technologies that aren't ready for mass adoption yet. To truly close the financial exclusion gap, Namibia must first address root causes like inadequate infrastructure and low financial literacy. As Namibia explores retail CBDCs alongside Eswatini 🇸🇿, Lesotho 🇱🇸, and South Africa 🇿🇦, the IMF emphasizes the need for thorough research and collaboration with central banks in the region. What are your thoughts on the future of digital currencies in Namibia? Share your insights!