Strategy Note /
Global

The countries that could benefit most from introducing digital currencies

  • Nigeria cites high remittances costs to justify eNaira introduction. El Salvador's bitcoin adoption message was similar

  • For 15 emerging markets, remittances costs leakages are equivalent to more than 1% of GDP, a sizeable economic burden

  • Other relevant factors are poverty and financial inclusion. Sub-Saharan Africa could be the biggest beneficiary

The countries that could benefit most from introducing digital currencies
Rahul Shah
Rahul Shah

Head of Financials Equity Research

Contributors
Rabail Adwani
Rohit Kumar
Tellimer Research
29 October 2021
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