SARB commences feasibility study for a general-purpose retail central bank digital currency
Last Modified Date:
2021-05-25, 10:52 AM
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The South African Reserve Bank (SARB) has embarked on a study to investigate the feasibility, desirability and appropriateness of a central bank digital currency (CBDC) as electronic legal tender, for general-purpose retail use, complementary to cash. A retail CBDC can be defined as a digital form of cash aimed at providing the best attributes of both cash and electronic payments.