Digital Currency To Further Bolster Digital Economy: RBI Executive Director Ajay Kumar Choudhary

The RBI has already launched pilots of CBDC (Central Bank Digital Currency) in wholesale and retail segments last year

Digital currency will further bolster the digital economy, make payment system more efficient, reduce cost involved in physical cash management and also contribute to further financial inclusion, Reserve Bank of India (RBI) Executive Director Ajay Kumar Choudhary said on Wednesday.

Choudhary was addressing an outreach seminar on ‘Central Bank Digital Currency: The India Story’ organised by the RBI.

The event was organised ahead of a two-day International Financial Architecture Working Group meeting of G20 slated to take place on January 30 and 31 here.