ECB says Lagarde’s departure will not delay digital euro plans

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An ECB official said Christine Lagarde’s early departure will not delay work on a digital euro. A pilot is planned for next year, while the EU aims to agree on legislation by the end of 2026.

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Why it matters

The project could eventually affect how people and businesses make payments in Europe. The articles identify no immediate effect on U.S. households or businesses.

What happens next

The pilot is due next year, and EU lawmakers are expected to work toward agreement on legislation by the end of 2026. The article does not specify when a digital euro might be launched.

Whether the EU agrees on the legislation by the end of 2026

Whether the planned pilot proceeds next year