Sharma, Karishma and Tyagi, Bhavya

Digital currency - Yojana - 66(4), Apr, 2022: p.49-51

The current digital landscape of India makes a strong case for introducing a central bank digital currency (CBDC). An increase in the availability of low-cost smartphones and low-cost 4G data has father deepened digitization in India. Despite a diverse range of virtual currencies being available, penetration of private digital currencies remains low which offers a strong case for India’s own digital flat rupee that will promoted financial inclusion and increase demand for real money balances.- Reproduced