Digital Re pilot to be expanded to other banks, locations
Mint Mumbai|May 31, 2023
The retail e-Rupee has been launched in denominations of 50 paise, 1, 2, 5, 10, 20, 50, 100, 200, 500 and 2000, while wholesale e-Rupee does not envisage any denomination, the annual report said.
Gopika Gopakumar
Digital Re pilot to be expanded to other banks, locations

 The Reserve Bank of India plans to expand the ongoing Central Bank Digital Currency (CBDC) pilot programme this year by incorporating various applications and features.

In the annual report released on Tuesday, the central bank announced that the CBDC-Retail pilot would be expanded to include more locations and banks. The value of e-rupee in circulation stood at ₹16.39 crore at the end of March, according to the annual report.

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