Monday
September 9
2019

Rwanda Is the Latest African Country Considering a National Digital Currency to Boost Financial Inclusion

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.

Photo courtesy of rawpixel.

Source: The Moguldom Nation (link opens in a new window)

Categories
Finance
Tags
digital finance, emerging markets, financial inclusion, fintech