Uploaded February 2023 | Updated September 2026, 1 hour ago

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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:
bankofengland.co.uk/the-digital-pound