CBDCs are digital forms of fiat currency issued by central banks. They aim to enhance efficiency, security, and financial inclusion. CBDCs facilitate faster and cheaper transactions, cross-border payments, and programmable money through smart contracts. They also provide access to digital payment systems for the unbanked. However, implementing CBDCs requires addressing infrastructure, privacy, security, and policy implications. Collaboration among central banks, financial institutions, and technology experts is crucial for successful integration. CBDCs have the potential to revolutionize money management but require careful planning and cooperation for widespread adoption.