The short answer is that we are a long way from Mr. Buiter's world.
We will have banknotes for a long time to come. Canadians love their banknotes, and that is very important to everyday life.
However, the important question that arises is whether it would be a good idea to give Canadians access to a central bank digital currency. We are considering that question closely.
Different aspects must be considered in our research. In particular, questions need to be asked about potential benefits and about the impact that a central bank digital currency would have on the financial system. Technical questions also arise. If we were to take such an approach, it would be very important that it work really well, that security be very high and that access for Canadians be broad.
Those are the two types of questions we are considering. However, things are still in the research and development stage. No decision has been made to date, and I want to emphasize that the decision to adopt a Bank of Canada digital currency would rest with Parliament.