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RBI Digital Rupee
November 6 , 2022
751 days
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- RBI commenced a pilot launch of the digital rupee, Central Bank Digital Currency (CBDC) from November 1.
- It has identified nine banks for participation in the pilot launch.
- CBDC as legal tender issued by a central bank in a digital form.
- It is the same as a fiat currency and is exchangeable one-to-one with the fiat currency.
- In simple terms, the CBDC is basically the digital version (in an electronic form) of fiat currencies.
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