Indian Central bank To Start Pilot Of Retail Digital Rupee On Dec. 1
The Reserve Bank of India's first pilot for a retail e-rupee, its version of the central bank digital currency (CBDC), will be launched on Dec. 1, it said in a statement on Tuesday.
Andrew
12:57 29th Nov, 2022
Policy
The pilot will cover select locations in a closed user group comprising participating customers and merchants, the central bank said.
"It would be issued in the same denominations that paper currency and coins are currently issued," the statement added. "It would be distributed through intermediaries such as banks."
