Photo: India Today

RBI Announces Wholesale Central Bank Digital Currency

Reserve Bank of India (RBI) is planning to extend wholesale Central Bank Digital Currency (CBDC) as a token for interbank borrowing or call money market, RBI sources said on Tuesday. The pilot in the wholesale segment, known as the Digital Rupee -Wholesale (e₹-W), was launched on November 1, 2022, with the use case being limited to the settlement of secondary market transactions in government securities.

Tue, 05 Sep 2023 - 07:16 PM / by Varsha Joshi

Tags: RBI, Token Money, Central Bank, Wholesale Credit, Business News