RBI Plans to Implement Central Bank Digital Currency (CBDC) in Call Money Market

In a significant move, the Reserve Bank of India (RBI) is advancing with its plans to introduce a central bank digital currency (CBDC).

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The RBI has set an ambitious goal of achieving one million CBDC transactions per day by the close of 2023.

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Modernizing India’s Financial Landscape with CBDC Implementation

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As the pilot phase progresses, more insights will emerge regarding the practicality and acceptance of CBDCs in real-world financial scenarios.

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The RBI’s careful and strategic approach to CBDC adoption aligns with global trends in central banks exploring digital currencies.

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