Digital Rupee: ‘We See Clear Advantages in a Central Bank Driven Digital Currency’, Finance Minister

Union Finance Minister Nirmala Sitharaman on Tuesday said the 'Digital Rupee' is a conscious call taken in consultation with the Reserve Bank of India (RBI) and the government sees clear advantages in a central bank driven digital currency. The Minister was speaking at the India Global Forum's annual summit here. "It was a conscious call taken in consultation with the central bank- the Reserve Bank of India....we would like them to design it the way they would like to do it, but this year we expect the currency to come out from the central bank itself," Sitharaman said in response to a question on Digital Rupee. "We see clear advantages in a central bank driven digital currency, because in this day and age, bulk payments happening between- countries, large transactions between institutions and large transactions between central banks themselves of each country- are all better enabled with digital currency," she said.

Union Finance Minister Nirmala Sitharaman on Tuesday said the 'Digital Rupee' is a conscious call taken in consultation with the Reserve Bank of India (RBI) and the government sees clear advantages in a central bank driven digital currency. The Minister was speaking at the India Global Forum's annual summit here. "It was a conscious call taken in consultation with the central bank- the Reserve Bank of India....we would like them to design it the way they would like to do it, but this year we expect the currency to come out from the central bank itself," Sitharaman said in response to a question on Digital Rupee. "We see clear advantages in a central bank driven digital currency, because in this day and age, bulk payments happening between- countries, large transactions between institutions and large transactions between central banks themselves of each country- are all better enabled with digital currency," she said.Union Finance Minister Nirmala Sitharaman on Tuesday said the 'Digital Rupee' is a conscious call taken in consultation with the Reserve Bank of India (RBI) and the government sees clear advantages in a central bank driven digital currency. The Minister was speaking at the India Global Forum's annual summit here. "It was a conscious call taken in consultation with the central bank- the Reserve Bank of India....we would like them to design it the way they would like to do it, but this year we expect the currency to come out from the central bank itself," Sitharaman said in response to a question on Digital Rupee. "We see clear advantages in a central bank driven digital currency, because in this day and age, bulk payments happening between- countries, large transactions between institutions and large transactions between central banks themselves of each country- are all better enabled with digital currency," she said.Union Finance Minister Nirmala Sitharaman on Tuesday said the 'Digital Rupee' is a conscious call taken in consultation with the Reserve Bank of India (RBI) and the government sees clear advantages in a central bank driven digital currency. The Minister was speaking at the India Global Forum's annual summit here. "It was a conscious call taken in consultation with the central bank- the Reserve Bank of India....we would like them to design it the way they would like to do it, but this year we expect the currency to come out from the central bank itself," Sitharaman said in response to a question on Digital Rupee. "We see clear advantages in a central bank driven digital currency, because in this day and age, bulk payments happening between- countries, large transactions between institutions and large transactions between central banks themselves of each country- are all better enabled with digital currency," she said.Union Finance Minister Nirmala Sitharaman on Tuesday said the 'Digital Rupee' is a conscious call taken in consultation with the Reserve Bank of India (RBI) and the government sees clear advantages in a central bank driven digital currency. The Minister was speaking at the India Global Forum's annual summit here. "It was a conscious call taken in consultation with the central bank- the Reserve Bank of India....we would like them to design it the way they would like to do it, but this year we expect the currency to come out from the central bank itself," Sitharaman said in response to a question on Digital Rupee. "We see clear advantages in a central bank driven digital currency, because in this day and age, bulk payments happening between- countries, large transactions between institutions and large transactions between central banks themselves of each country- are all better enabled with digital currency," she said.Union Finance Minister Nirmala Sitharaman on Tuesday said the 'Digital Rupee' is a conscious call taken in consultation with the Reserve Bank of India (RBI) and the government sees clear advantages in a central bank driven digital currency. The Minister was speaking at the India Global Forum's annual summit here. "It was a conscious call taken in consultation with the central bank- the Reserve Bank of India....we would like them to design it the way they would like to do it, but this year we expect the currency to come out from the central bank itself," Sitharaman said in response to a question on Digital Rupee. "We see clear advantages in a central bank driven digital currency, because in this day and age, bulk payments happening between- countries, large transactions between institutions and large transactions between central banks themselves of each country- are all better enabled with digital currency," she said.Union Finance Minister Nirmala Sitharaman on Tuesday said the 'Digital Rupee' is a conscious call taken in consultation with the Reserve Bank of India (RBI) and the government sees clear advantages in a central bank driven digital currency. The Minister was speaking at the India Global Forum's annual summit here. "It was a conscious call taken in consultation with the central bank- the Reserve Bank of India....we would like them to design it the way they would like to do it, but this year we expect the currency to come out from the central bank itself," Sitharaman said in response to a question on Digital Rupee. "We see clear advantages in a central bank driven digital currency, because in this day and age, bulk payments happening between- countries, large transactions between institutions and large transactions between central banks themselves of each country- are all better enabled with digital currency," she said.Union Finance Minister Nirmala Sitharaman on Tuesday said the 'Digital Rupee' is a conscious call taken in consultation with the Reserve Bank of India (RBI) and the government sees clear advantages in a central bank driven digital currency. The Minister was speaking at the India Global Forum's annual summit here. "It was a conscious call taken in consultation with the central bank- the Reserve Bank of India....we would like them to design it the way they would like to do it, but this year we expect the currency to come out from the central bank itself," Sitharaman said in response to a question on Digital Rupee. "We see clear advantages in a central bank driven digital currency, because in this day and age, bulk payments happening between- countries, large transactions between institutions and large transactions between central banks themselves of each country- are all better enabled with digital currency," she said.Union Finance Minister Nirmala Sitharaman on Tuesday said the 'Digital Rupee' is a conscious call taken in consultation with the Reserve Bank of India (RBI) and the government sees clear advantages in a central bank driven digital currency. The Minister was speaking at the India Global Forum's annual summit here. "It was a conscious call taken in consultation with the central bank- the Reserve Bank of India....we would like them to design it the way they would like to do it, but this year we expect the currency to come out from the central bank itself," Sitharaman said in response to a question on Digital Rupee. "We see clear advantages in a central bank driven digital currency, because in this day and age, bulk payments happening between- countries, large transactions between institutions and large transactions between central banks themselves of each country- are all better enabled with digital currency," she said.Union Finance Minister Nirmala Sitharaman on Tuesday said the 'Digital Rupee' is a conscious call taken in consultation with the Reserve Bank of India (RBI) and the government sees clear advantages in a central bank driven digital currency. The Minister was speaking at the India Global Forum's annual summit here. "It was a conscious call taken in consultation with the central bank- the Reserve Bank of India....we would like them to design it the way they would like to do it, but this year we expect the currency to come out from the central bank itself," Sitharaman said in response to a question on Digital Rupee. "We see clear advantages in a central bank driven digital currency, because in this day and age, bulk payments happening between- countries, large transactions between institutions and large transactions between central banks themselves of each country- are all better enabled with digital currency," she said.Union Finance Minister Nirmala Sitharaman on Tuesday said the 'Digital Rupee' is a conscious call taken in consultation with the Reserve Bank of India (RBI) and the government sees clear advantages in a central bank driven digital currency. The Minister was speaking at the India Global Forum's annual summit here. "It was a conscious call taken in consultation with the central bank- the Reserve Bank of India....we would like them to design it the way they would like to do it, but this year we expect the currency to come out from the central bank itself," Sitharaman said in response to a question on Digital Rupee. "We see clear advantages in a central bank driven digital currency, because in this day and age, bulk payments happening between- countries, large transactions between institutions and large transactions between central banks themselves of each country- are all better enabled with digital currency," she said.Union Finance Minister Nirmala Sitharaman on Tuesday said the 'Digital Rupee' is a conscious call taken in consultation with the Reserve Bank of India (RBI) and the government sees clear advantages in a central bank driven digital currency. The Minister was speaking at the India Global Forum's annual summit here. "It was a conscious call taken in consultation with the central bank- the Reserve Bank of India....we would like them to design it the way they would like to do it, but this year we expect the currency to come out from the central bank itself," Sitharaman said in response to a question on Digital Rupee. "We see clear advantages in a central bank driven digital currency, because in this day and age, bulk payments happening between- countries, large transactions between institutions and large transactions between central banks themselves of each country- are all better enabled with digital currency," she said.Union Finance Minister Nirmala Sitharaman on Tuesday said the 'Digital Rupee' is a conscious call taken in consultation with the Reserve Bank of India (RBI) and the government sees clear advantages in a central bank driven digital currency. The Minister was speaking at the India Global Forum's annual summit here. "It was a conscious call t