NextBillion - An Initiative of the William Davidson Institute at the University of Michigan

Monday, September 9, 2019

By Peter Pedroncelli

Rwanda is considering issuing its own national digital currency to speed up financial inclusion, but other efforts in Africa haven’t exactly been successful.

The National Bank of Rwanda is researching how other central banks have gone about creating a national digital currency, according to Bloomberg.

Rwanda is the second African country to show an interest in a digital currency this year. Earlier in 2019, South Africa’s central bank announced that it was doing a feasibility project.

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