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Context: Recently, Nigeria launched its non-interest-yielding central bank digital currency (CBDC) — the eNaira.
What are the ways in which CBDCs can be designed?
A particular CBDC could be designed in the following ways:
How is eNaira designed to achieve the intended benefits?
Issues with introduction of a CBDC by the RBI
CBDCs could also have implications for the state from seigniorage (profit made by a government by issuing currency) as the cost of printing, storing, transporting and distributing currency can be reduced.
By: Shubham Tiwari ProfileResourcesReport error
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