June 7

Rwanda Mulls a Digital Currency in Two Years – Central Bank


Rwanda is looking to develop its own national Central Bank Digital Currency (CBDC) in the next two years, as part of the country’s efforts to streamline its financial system and position itself as an important player in the future of the global economy.

The national digital currency, according to the National Bank of Rwanda (BNR), would offer Rwandans a safe, free, and easy alternative to physical cash. It would also expand financial inclusion by enabling more unbanked population to participate in the formal economy.

Photo courtesy of Jerome Bossuet/CIMMYT.

Source: The New Times (link opens in a new window)

Finance, Technology
digital finance, digital inclusion, digital payments, financial inclusion, fintech