Q Why is it in News ?
A The Reserve Bank of India (RBI) has launched the first pilot of the retail digital rupee, also known as e₹-R, on December 1, 2022. The digital token that represents legal tender will be issued in the same denominations as paper currency and coins. The RBI’s pilot on the digital rupee will test the robustness of the new system.
Q What are the details about hte first pilot project of retail digital rupee ?
A
Q What is a Central bank digital currency (CBDC)?
A
Q Why do we need CBDC?
A
Q Will CBDC replace UPI?
A
Q No interest on e₹? but why?
A
Q How will CBDC be different from crypto?
A
Q Why India needs a digital rupee?
A