The digital pound consultation
A joint consultation on the digital pound from HM Treasury and the Bank of England.
HM Treasury and the Bank of England are consulting on a potential digital pound, or central bank digital currency (CBDC).
If introduced, a digital pound would be issued by the Bank of England and could be used by households and businesses for everyday payments in-store and online. It would also be interchangeable with cash and bank deposits, complementing cash.
No decision has been taken at this stage to introduce a digital currency.
Consultation details
Responses to the consultation are invited from all interested members of the public, experts, and the widest range of businesses and organisations.
The deadline for responses has been extended to 11:59pm on Friday 30 June 2023.
Find out more and access the consultation on the digital pound.
First published 7 February 2023