News > Digital currency to further bolster digital economy, says RBI

Digital currency to further bolster digital economy, says RBI

Digital currency will further bolster the digital economy, make the payment system more efficient, reduce costs involved in physical cash management and also contribute to further financial inclusion, RBI ED Ajay Kumar Choudhary said. Chaudhary was addressing an outreach seminar on 'Central Bank Digital Currency: The India Story' organised by RBI ahead of a two-day International Financial Architecture Working Group meeting of G20 slated to take place on January 30 and 31.