Indonesia announces plan to use digital rupiah
Indonesia's central bank (BI) has announced a plan to use digital rupiah amid boom in digital transactions in the country.
A teller counts Indonesian rupiah bank notes at a money changer in Jakarta, Indonesia, October 14, 2022. - Illustrative image (Photo:Reuters)Jakarta (VNA) – Indonesia's central bank (BI) has
announced a plan to use digital rupiah amid boom in digital
transactions in the country.
Speaking at
a recent press conference, BI Governor Perry Warjiyo said BI will be the only State
agency authorized to issue digital rupiah, following many central banks around the world that are
developing so-called central bank digital currencies (CBDCs).
The currency
will use a technology platform that is compatible with other central
banks' digital currencies.
Indonesia
currently bans the use of cryptocurrencies as a means of payment, but allows
transactions of the digital assets in the commodity futures market for
investment purposes./.
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