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No transaction data collated on e-rupee pilots so far: RBI
Mint Mumbai
|October 18, 2023
Pilot for retail e-rupee was launched on 1 Dec, a month after testing the wholesale CBDC
MUMBAI: The Reserve Bank of India (RBI) has not been maintaining daily and monthly transaction records for its e-rupee digital currency pilots, the central bank said in response to Mint’s Right to Information (RTI) application. However, a senior regulatory official had recently pegged daily retail usage volumes at 15,000.
Mint had sought daily and monthly data on the number of retail and wholesale transactions for the central bank digital currency (CBDC). According to a concept note released in October 2022, the digital currency, though not significantly different from banknotes, is expected to offer advantages in terms of being more convenient, quicker and cost-effective.
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