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Central bank digital currency (CBDC)

  Dec 01, 2021

Central bank digital currency (CBDC)

Q What is the context  ?

A Recently, Nigeria joined the Bahamas and five islands in the East Caribbean as the only economies to have introduced central bank digital currency (CBDC). This is a shortlist, but one that is likely to be supplemented.

Q What are Benefits of CBDC ?

Q What are design features of CBDCs ?

 A

Q What are challenges in CBDCs ?

Q What can be way forward for India ?

A Recent comments by RBI officials have focussed on the desirability of introducing CBDCs. But the path to a “Digital Rupee” is not clear.