News > RBI working to introduce digital currency

RBI working to introduce digital currency

Firstpost | 28/05/2022 03:59 PM | Click to read full article

The Reserve Bank of India on Friday said that it is proposing to adopt a graded approach to the introduction of Central Bank Digital Currency in conformity with the objectives of monetary policy, financial stability, and efficient operations of currency and payment systems.

The RBI said that it has been exploring the pros and cons of the introduction of CBDCs in India and the appropriate design elements are under examination.