RBI to soon start pilot project on digital currency for limited use check details – Business News India

The Reserve Bank of India (RBI) said on Friday that it would soon offer e-rupees for a pilot basis. This will help strengthen India’s digital economy, make the payment system more efficient and prevent money laundering.

Kya kaha RBI ne?
RBI, while talking about the central bank digital currency (CBDC), said that on a pilot basis, the range and scope of this type of offering will be expanded, as well as information about the special features and benefits of the e-rupee from time to time. दी जेगी RBI said that the purpose of CBDC is to complement the existing forms of currency rather than to replace them and give users an additional option for payment. इसका मकसद की बही तरह से असेशिंग पुद्धान को प्रभाष्ट नहीं है.

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The central bank said that the digital rupee system supported by India’s advanced payment systems will further strengthen India’s digital economy, make the monetary and payment system more efficient and help in financial inclusion.

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CBDC is a digital form of currency issued by central bank. Most of the central banks of the world are currently considering the methods of issuing CBDC. Let us tell you that the government of India has announced the introduction of digital rupees in the fiscal year 2022-23.


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