Currency
Paper November 3, 2023
CBDCs as a tool for financial inclusion
At its simplest, a CBDC is cash but in digital form. Similar to physical cash, it is issued by the central bank and guaranteed as a claim on the central bank reserves, can be accepted broadly, and results in instant transfer of value.
Op-ed December 13, 2022
Opinion | India’s experiment with e-rupee will yield demand side learnings
The Reserve Bank of India has launched two variants of a digital rupee on an experimental basis—for wholesale transactions between banks and for retail transactions within the private sector.
Op-ed October 18, 2022
Opinion | The exchange rate will soon have to play a bigger adjustment role
The rupee’s dollar value has only two of four determinants in its favour and will need more flexibility to ease other pressures.
Op-ed February 24, 2022
Opinion | RBI must address three important questions before digital rupee launch
The proposed technology to develop this, as per the finance minister’s budget speech, is blockchain, a digitally distributed, decentralized, public ledger that exists across a network.