The Bank for International Settlements (BIS) and a consortium of central banks have jointly published their fifth paper, which sheds light on the continuous policy deliberations surrounding retail central bank digital currencies (CBDCs). Previous collaborations between banks from Canada, the European Union, Japan, Sweden, Switzerland, England, and the United States have established shared principles and fundamental features for a retail CBDC. The latest publication builds upon earlier discussions, delving into critical areas such as stakeholder engagement, legal considerations, private sector involvement, public acceptance, and essential design aspects. While there are currently no immediate plans to implement CBDCs, the ongoing examination aims to tackle crucial policy issues and lay the groundwork for potential future adoption. By addressing these key areas, the collaborative effort seeks to ensure a comprehensive understanding of the implications and pave the way for a potential shift towards retail CBDCs in the future.