And the Turkish lira is liable to the whims of an authoritarian leader who doesn't believe in fiscal orthodoxy and keeps firing his central bank leaders as soon

And the Turkish lira is liable to the whims of an authoritarian leader who doesn't believe in fiscal orthodoxy and keeps firing his central bank leaders as soon as they even hint at raising the interest rates in order to try and reign in inflation. Not great either. EDIT: When ECB talks about private money they mean non central bank issued digital assets, among other things. Not their CBDC which would of course be public money.