Central Bank Digital Currencies (CBDCs) have been a topic of debate and fascination for many years. While the frenzy around decentralized cryptocurrencies like Bitcoin may have waned, the interest in CBDCs, especially among central banks, remains undiminished. These digital currencies have profound implications, not only for retail banks but also for their customers. This article explores the impact of CBDCs on the traditional banking system and its place in the global economy.