الآثار المحتملة للدفع الالكتروني على سير السياسة النقدية

Abstract EN

The tremendous development in the field of information and communication technologies has led to the development of new electronic payment instruments, recognized for their outstanding performance in completing trade exchanges and settling financial transactions, as well as overcoming traditional temporal and spatial restrictions, and thus, have become a rival to conventional money in performing basic tasks and deprived the Central Bank of its unique function of issuing money.

Accordingly, the problem of managing monetary policy within this environment was raised, which means the ability to control the money supply, maintaining price stability and achieving economic development goals.

To answer our research problem, we used the descriptive and analytical method.

The study concluded a set of results, the most important finding is the negative effects that excessive and unregulated use of electronic payment instruments may have on the Central Bank monetary policy management, and consequently, on the achievement of the economic policy objectives.