##h the potential risks that i mentioned before. in any case, the digital euro must be designed properly to mitigate all those risks. the eurosystem is taking a comprehensive approach to address these challenges. first, i would like to mention the “ report on a digital euro ”, 3 which was published in october last year. it was prepared by the high - level task force on cbdc, where i act as the representative of the bundesbank. the report describes possible scenarios that would require the issuance of a digital euro. second, the eurosystem widely engages with citizens, enterprises, the financial sector and public authorities to get a detailed picture of their needs, and also of the benefits and challenges they expect from a digital euro. in april, the results of a public consultation on the digital euro, which attracted a record number of more than 8, 000 responses, were published. the public consultation confirmed that data protection would be the most important feature of a digital euro, both from the perspective of participating individuals as well as professionals, in particular retailers and companies. additional aspects included security, the possibility of being able to pay throughout the euro area – that means a pan - european reach –, no additional costs and offline usability – that is, the possibility of making payments without an internet connection. third, experimental work is currently supporting the analysis of possible technical designs of a digital euro and their implications. further dialogue with market actors and other central banks regarding cbdc is taking place. 4 conclusions and outlook no matter what the final design might look like, i see various core features that offer valuable 3 / 4 bis central bankers'speeches guidance when discussing the issuance of a digital currency for the public. in summary, particular attention should be paid to the following aspects : the needs of users, be they private individuals or companies, should guide all further planning for the digital euro. therefore, the use of money in programmable applications should also be taken into consideration. this is because programmable applications could form a useful part of digital processes, making them a core building block of an innovative economy. a digital euro should also allow the private financial sector to create services based on it. the role of banks in our economic system should not be changed fundamentally as a consequence of the issuance of a digital euro. cbdc might not be a panacea for all the challenges that payments are facing today. however – if it is well designed and set up thoroughly –, cbdc could

and banking sector liquidity has increased by rsd 16. 5 bn. the result is a better quality of living and the creation of preconditions for sustainable development. we use the opportunities that are presented to us, and more importantly, we create opportunities. we have transformed serbia into a stable economy with a good perspective. at the same time, serbia is making significant progress in terms of gender equality. allow me to illustrate this with an example. according to a world bank research “ women, business and law ”, in 2019 serbia shared the high 16th position with australia and iceland on a list of 188 countries. this is the best result in the region and a more favourable rating compared to many other eu members. another indicator of the important results in this remit is the movement in the gender equality index, which we started publishing in 2016 as the first non - eu country to do so. first, i believe that gender equality complements the achievements of our civilisation, as well as that it is an imperative for our future. second, gender equality is a factor of development which should not be merely spoken of, but to which we must make an active contribution. i believe that this is the case with the national bank of serbia. during 135 years of the bank ’ s history, it often happened that women made up the majority of the executive board members, whereby they had a key influence on strategic decision - making. chronologically, the inclusion of women in central bank governance is dominant in the 21st century. today women hold the positions of the governor and vice - governors of the national bank of serbia and constitute the majority in the executive board. this is why i feel entitled to say that gender equality is respected and implemented, but even more importantly, that there is equality and respect for each individual. 2 / 3 bis central bankers'speeches 1. know thyself 2. nothing in excess 3. make a pledge and mischief is neigh. the carvings at the entrance to apollo ’ s temple in delphi with these three maxims give us a key to successful living, if success is measured by how much we are satisfied with ourselves, as well as how much others are satisfied with us. these three maxims speak very vividly about the woman and her role in today ’ s society. what do we actually want as persons, what are our accomplishments, what are we prepared to sacrifice in order to achieve the chosen goal and is every sacrifice in the achievement of that goal really needed