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India’s Central Bank Recommends Basic Version of CBDC

The bank calls the currency a “convenient alternative” to cash.

By Amitoj Singh

Updated May 11, 2023, 3:56 p.m. Published Dec 28, 2021, 4:07 p.m.

A pedestrian walks past the Reseve Bank of India (RBI) in Mumbai, India, on Monday, March. 9, 2020. A top Indian official said there's no need for the government to take immediate steps to support the economy following a crash in oil prices that has sent financial markets into a tailspin. Photographer: Dhiraj Singh/Bloomberg via Getty Images