Category: cross border CBDC

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41% of Central Banks Expect to Have Operational CBDCs by 2028 — Study

December 26, 2023

Some 41% of central banks that participated in the Official Monetary and Financial Institutions Forum (OMFIF) study said they expect to have an operational central bank digital currency (CBDC) by 2028. The survey found that the sentiment towards CBDCs is turning positive with 30% of the respondents having become more inclined to issue a digital…
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India, UAE Collaborate to Boost Cross-Border Central Bank Digital Currency Transactions

March 16, 2023

India’s central bank, the Reserve Bank of India (RBI), and the Central Bank of the United Arab Emirates (UAE) have agreed to collaborate on cross-border central bank digital currency (CBDC) transactions of remittances and trade. The initiative is “expected to reduce costs, increase efficiency of cross border transactions and further the economic ties between India…
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