RBI to start a pilot programme for Digital Rupee

RBI to start a pilot programme for Digital Rupee

• The Reserve Bank of India (RBI) said that it will shortly start restricted test launches of the digital rupee for particular use cases. The concept paper was made public as part of an experiment with digital money in India. The Reserve Bank of India (RBI) is currently developing a phased deployment plan while investigating the advantages and disadvantages of a central bank digital currency.
• According to the Reserve Bank of India (RBI)’s concept paper on Central Bank Digital Currency (CBDC), application cases for an electronic rupee are being looked at in a way that causes little to no interruption to the financial system. The Central Government said in February that a digital rupee will be introduced during the current fiscal year.

September Weekly Current Affairs (Sports) Bitbank: Which rule is expected to be introduced in IPL 2023?

                         >> Download Current Affairs PDFs Here

                              Download Sakshi Education Mobile APP

Published date : 10 Oct 2022 06:10PM