|PDF Name||RBI Digital Currency (CBDC) Concept Note PDF|
|Last Updated||October 10, 2022|
|No. of Pages||51|
|PDF Size||0.81 MB|
|Source(s) / Credits||Sarkari Yojana|
RBI published Central Bank Digital Currency Concept Note PDF at rbi.org.in. Download RBI Digital Currency Concept Note PDF through online mode. Reason to issue concept note is to create awareness about CBDCs in general and the planned features of Digital Rupee (e₹), in particular.
Central Bank Digital Currency (CBDC) Concept Note
Concept Note on Central Bank Digital Currency explains the objectives, choices, benefits, and risks of issuing a CBDC in India. The RBI Digital Currency Concept Note also seeks to explain Reserve Bank of India approach towards introduction of the CBDC. The new CBDC Concept Note also discusses key considerations such as technology and design choices, possible uses of Digital Rupee, issuance mechanisms, etc. It examines the implications of introduction of CBDC on the banking system, monetary policy, financial stability, and analyses privacy issues.
The Reserve Bank of India will soon commence pilot launches of e₹ for specific use cases. As the extent and scope of such pilot launches expand, RBI will continue to communicate about the specific features and benefits of e₹, from time to time.