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Not in a hurry to launch CBDC; have to proceed carefully: RBI Guv Das

Central bank to consider findings of pilot projects before decision, he says

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Das termed the commencement of pilot of CBDC as a landmark moment in the history of money and currency in the country

3 min read Last Updated : Nov 02 2022 | 11:20 PM IST

The Reserve Bank of India (RBI) is not going to hurry the launch of the central bank digital currency (CBDC) and it will do so after considering the learnings from pilot projects, said Governor Shakitkanta Das on Wednesday.

The idea is to introduce CBDC without disruption, so the central bank is going to proceed "very carefully", he said. The central government's budget this year announced a Digital Rupee will be issued by RBI in FY23.

Separately, the RBI plans to launch the digitised Kisan Credit Card (KCC) loans in 2023, after accounting for the learnings from a pilot in Madhya

Topics : Reserve Bank of India Shaktikanta Das digital currency Central bank RBI Governor Kisan credit card RBI money Currency payments systems technological transformation

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