On Tuesday Indonesia said it was exploring the possibility of issuing a digital Rupiah and yesterday Mauritius confirmed it has plans for a central bank digital currency (CBDC).
A statement from the Bank Indonesia said that it was investigating both the concept and potential technologies but has not decided whether to proceed. It is keen to explore a CBDCs impact on digital transformation. The Bank reiterated that while a CBDC would be a legal means of payment, cryptocurrencies are not.
Meanwhile, Mauritius has been exploring CBDC since last year, said Harvesh Seegolam, the Governor of the Bank of Mauritius during Consensus 2021. The IMF has been assisting and will continue to provide help on the topic to the country, with a position paper to be published soon and pilots planned to start at the end of the year.
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